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Green Investment Group: Jobs slow in coming to other purchased millsites – Frenchtown, Montana

Green Investment Group Inc. http://www.greeninvgroup.com/ made an aggressive move when it purchased the expansive Smurfit-Stone Container Corp. millsite in Frenchtown earlier this month.

Aggressive but not unusual. In fact, the Illinois-based company has a thing for defunct Smurfit mills.

In fact, the Frenchtown containerboard plant is the seventh Smurfit site the group known by the acronym GIGI has bought.

With Gov. Brian Schweitzer in the cheering section, the development company announced about 10 days ago that it bought the shuttered mill for about $20 million. Green has since noted it paid an undisclosed amount of money to the controversial Portland, Ore.,-based company that became the mill’s owner in March.

By JENNA CEDERBERG of the Missoulian

Full Story: http://missoulian.com/news/local/article_583e32fa-7e86-11e0-b9b1-001cc4c03286.html

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