CLEARWATER TRIBUNE HOME
Kamiah mill to be dismantled
The Kamiah Mill will be dismantled and sold piecemeal after the asking price of $1.5 million was unmet at an auction held last week in Kamiah by Inverness Group, Inc., of Portland, OR.
Three Mills Timber Inc., also known as Kamiah Mill, went on the auction block in a last ditch effort to sell the real estate and equipment as a single unit.
The mill closed in Nov., 2008 after its owners Wm. and Shirley Mulligan defaulted on loans from Wells Fargo. Over 100 persons lost their jobs in the closure.
The next month Inverness Group was appointed to administer the mill’s assets. Inverness tried to sell the mill in July but after no one offered the minimum $5 million asking price the sale was put on hold.
The two bidders at last week’s auction were Gene Dandiker, owner of Jem Machine Inc., in Grangeville and Hunt Hatch of Kamiah, a timber grower.
The bidding reached as high as $900,000 but in the end the auctioneer said the mill will no longer be offered as a single unit. Instead the Inverness Group will hold another auction in 60 days to sell the mill piecemeal.