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==Paper mill== The major industry in Johnsonburg is paper, with the largest mill owned by the [[Domtar]] Corporation. It was built more than a century ago, originally owned principally by the Armstrong family of Philadelphia (1888). By 1890 the Armstrong's had merged with the paper mills owned by Augustus Paine of New York to become the New York & Pennsylvania Company. The [[Curtis Publishing Company]], publisher of the ''Saturday Evening Post'' purchased the mill in 1925. By 1950, it was believed to be the largest [[coated paper]] mill in the world.<ref name="papermill">{{cite web | title=Paper Mill | work=paperage.com | url=http://www.paperage.com/02_2001willamette.html | access-date=2006-08-13 | archive-url=https://web.archive.org/web/20061020230828/http://www.paperage.com/02_2001willamette.html | archive-date=2006-10-20 | url-status=dead }}</ref> By the end of 1960s, Curtis Publishing filed for bankruptcy and closed the mill. Six months later, investors, including industrialist George S. Petty, formed a group called Penntech Papers, to purchase the mill assets, and continued it in operation for the next 20 years. In 1990, Penntech sold the mill to [[Willamette Industries]], which was acquired by [[Weyerhaeuser]] in February 2002 in a hostile [[takeover]] and then in 2007 was acquired by [[Domtar]]. [[Paper Excellence]] acquired [[Domtar]] in 2021 for $3 billion cash.<ref>https://www.nasdaq.com/articles/paper-excellence-to-acquire-domtar-in-all-cash-deal-valued-at-%243-bln-quick-facts-2021-05 {{Bare URL inline|date=August 2022}}</ref>
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