Mainebiz

W W W. M A I N E B I Z . B I Z 9 N OV E M B E R 1 4 , 2 0 1 6 Verso Paper mill in Jay to lay off 190 About 190 employees will be laid off at the Verso paper mill in Jay when it tem- porarily idles the No. 3 paper machine. e Androscoggin Mill employs 575 people, according to the company's web- site. e shutdown will reduce annual coated paper production by approxi- mately 200,000 tons. Verso said that it plans to implement the reduced capacity production in the fi rst quarter of 2017, but that most of the products made by the No. 3 machine will now be produced by other machines in the company's manufacturing system. No disruption is expected in customer orders. "It's critical to Verso's long-term success that we balance the supply of our products with our customers' demand for them, and we currently have more coated paper capacity in our mill system than we can fi ll," Michael Weinhold, Verso senior vice president for sales, market- ing and product development, said in a prepared statement. Verso said that it "will continue to evaluate market condi- tions to determine if and when the No. 3 paper machine at the Androscoggin Mill will be restarted," but noted that if the machine is not restarted, the roughly 190 jobs will be eliminated, according to the release. Pella acquires Vassalboro manufacturer Duratherm Windows Corp., a nearly 50-year-old Vassalboro-based manu- facturer and designer of custom windows and doors, has been acquired by the Iowa-based Pella Corp., in a transaction that will expand Pella's manufacturing reach to 13 locations across the country. Terms of the deal, which was announced Nov. 2, were not disclosed. "It was a pleasant surprise to me when I received a call from Pella, especially since I wasn't actively seek- ing to sell the business," Duratherm President Tim Downing said in news THERE IS THERE IS A DIFFERENCE A DIFFERENCE THERE IS Because Construction Management Design/Build General Contracting Engineering Construction Management Design/Build General Contracting Engineering Sheridan Sheridan Construction Construction www.sheridancorp.com www.sheridancorp.com Fairfield Fairfield Portland 207-453-9311 207-453-9311 207-774-6138 A new private practice takes advantage of 'Jobs for New England' fi nancing F a l m o u t h — A women-owned orthodontics offi ce called mBrace Orthodontics opened its doors in Falmouth, using a relatively little-known form of fi nancing. The owners, Dr. Tarryn Mac Carthy and Dr. Meghann Dombroski, worked through Norway Savings Bank, which in turn is part of the Federal Home Loan Bank of Boston's "Jobs for New England" program. The venture received fi nancing from Norway Savings, including Small Business Administration guaranteed loans and a discounted rate offered through "Jobs for New England." "Jobs for New England" was created for small-business loans that stimulate the New England economy, preserve jobs and expand women-owned, minority-owned and veteran- owned businesses. According to the FHLB Boston's website, funds are offered to banks with zero-percent fi nancing then dispensed to small businesses. FHLB Boston has commit- ted up to $5 million a year over three years. In Maine, the FHLB Boston program is offered through banks, credit unions and entities like CEI. Mac Carthy and Dombroski, known to patients as Drs. Mac and Meg, are practicing orthodontists and professors at the University of New England Dental School. "We're essentially a start-up business with a dream, a plan, a promise and incredible enthusiasm," Dombroski adds. "[Norway Savings Bank] was able to see what we needed and give us the support that got us off the ground." The practice is in a 3,500-square-foot space that includes treatment areas that use natural light; a "living room-like reception area" with comfortable seating to encourage con- versation; an L-shaped farmhouse table equipped with 12 electrical outlets for students and patients to work; and a retractable screen in the reception room with a presentation space that will accommodate up to 60 people. The new practice, mBrace Orthodontics, is at 74 Gray Road. Mac Carthy is a native South African and now lives in South Portland. She has a DMD from the University of Connecticut Dental School and a post-doctoratal degree in orthodontics from Tufts University Dental School. Prior to moving to Maine, she owned and operated an orthodontic practice in Lynnfi eld, Mass. Dombroski is a Gorham native who lives in Freeport. She received her DMD and her post-doctoratal degree in ortho- dontics from Tufts University Dental School. She received a master's in public health from Harvard University. Prior to start- ing this endeavor, Dr. Dombroski practiced in midcoast Maine. — M a i n e b i z S t a f f P H O T O / C O U R T E S Y O F M B R A C E O R T H O D O N T I C S Dr. Tarryn Mac Carthy, left, and Dr. Meghann Dombroski opened an orthodontics practice with fi nancing through the "Jobs for New England" program. release. " is partnership creates excit- ing possibilities for Duratherm. With Pella's involvement, we will continue to be trailblazers within the architectural community and grow." Downing and the rest of Duratherm's 70 employees will maintain the company's brand for the time being, after which the company will be integrated into the Pella Crafted Luxury collection. is is the third acquisition for Pella dur- ing the past two years, including the Michigan-based Grabill Windows & Doors and the New York-based Reilly Windows & Doors. N O T E W O R T H Y C E N T R A L & W E S T E R N R.H. White Cos., a construction services and utility management fi rm in Auburn, presented Easter Seals of Massachusetts and the Juvenile Diabetes Research Foundation with $15,000 each from its charity golf tournament. Androscoggin Home Care & Hospice in Lewiston announced that its 13th annual Autumn Night Out at the Poland Spring Resort raised more than $70,000. Monhegan group fl ags UMaine wind project Not everyone on Monhegan Island is keen on the proposal to have the two Aqua Ventus wind turbines be placed in water three miles off shore of the community. Travis Dow, a spokesman for Protect Monhegan, told Maine Public that many of Monhegan's residents didn't know M I D C O A S T & D O W N E A S T

• Cover