The Associated Press, Bangor Daily News, Portland Press Herald, Mainebiz and WLBZ (Channel 2) reported OTM Holdings, LLC announced it had purchased a former pulp mill in Old Town to redevelop it into a wood fiber complex housing multiple tenants. The Press Herald reported the sale will save the complex from demolition by the liquidation company that formerly owned the mill. The University of Maine’s Forest Bioproducts Research Institute’s Technology Research Center already occupies 40,000 square feet in the mill’s warehouse, according to the AP. OTM said the center will be part of a campus that will capitalize on both the mill’s energy generation capabilities and on the surrounding forestland. Maine Public and WABI (Channel 5) carried the AP report. Republican Sen. Susan Collins and independent Sen. Angus King also issued a news release applauding the Old Town mill economic redevelopment effort.