# JGT2 Redevelopment acquires Pixelle Specialty Solutions mill assets in Jay, Maine

JGT2 Redevelopment LLC, a joint venture of New Mill Capital Holdings, Infinity Asset Solutions and Camjay LLC, has acquired the assets of Pixelle Specialty Solutions in Jay, Maine, including the paper mill site, equipment and cogeneration power plant. The new owners plan to repurpose the site for alternative industrial uses and energy projects.

- Type: Acquisition
- Announced: 2024-01-11
- Where: Jay, Maine, United States
- Status: completed
- Products: paper mill assets, cogeneration power plant
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [New Mill Capital](https://endata.com/companies/46413.md) (partner)
- [Pixelle Specialty Solutions](https://endata.com/companies/72610.md) (target)
- [JGT2 Redevelopment LLC](https://endata.com/companies/74918.md) (acquirer)
- [Infinity Asset Solutions](https://endata.com/companies/74919.md) (partner)
- [Camjay LLC](https://endata.com/companies/74920.md) (partner)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20240111899322/en/New-Mill-Capital-Holdings-Infinity-Assets-Camjay-LLC-Purchase-Maine-Mill-Assets-of-Pixelle-Specialty-Solutions), 2024-01-11: "We are thrilled to have acquired the Jay mill and plan on making a significant investment to bring economic life back to the property."
- [lesprom.com](https://www.lesprom.com/en/news/Joint_Venture_group_acquires_assets_of_Pixelles_paper_mill_in_Jay_Maine_111371/), 2024-01-16: "JGT2 Redevelopment LLC, a Joint Venture of New Mill Capital Holdings, Infinity Asset Solutions and Camjay LLC, has acquired the assets of Pixelle Specialty Solutions in Jay, Maine."
- [globalpapermoney.com](https://www.globalpapermoney.com/new-mill-capital-holdings-infinity-assets-camjay-llc-purchase-maine-mill-assets-of-pixelle-specialty-solutions-cms-17301), 2024-02-06: "We are thrilled to have acquired the Jay mill and plan on making a significant investment to bring economic life back to the property."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.