Maine investor & Business Executive, Michael A. Liberty, Helps Save Portland Jobs

With other investors, provides financial backing for B&M Beans plant

Michael A. Liberty to provide financing for baked beans plant.

© Copyright 1998 - The Associated Press

 

A Maine entrepreneur, Michael A. Liberty, along with other business executives, are providing financial backing for a bid to return an 85-year-old baked beans plant to local ownership.

 

Workers concerned that the plant will be closed have teamed up with a group that includes Maine businessman Michael Liberty, Boston financier Joseph O'Donnell and former Senate leader George Mitchell.

 


 

Maine businessman, Michael Liberty, helps save 160 jobs in Portland.

By EDWARD D. MURPHY - Staff Writer
Portland Press Herald (ME) January 30, 1999

 

A New Jersey company will buy the Burnham & Morrill baked bean plant in Portland along with five other food brands for $192 million, the Pillsbury Co. announced Friday.

 

The buyer, B&G Foods, has agreed to honor existing union contracts and retain the plant's 160 workers. The deal is expected to be completed by mid-March.

Full article available from the Portland Press Herald