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      Court approves Manistique Papers sale

      The Watermill Group, a private investment firm, received court approval Tuesday to buy Manistique Papers.

      The sale follows an auction and bidding process. Manistique Papers is emerging from Chapter 11 bankruptcy. The mill briefly closed last August.

      A company spokesman says Manistique's high quality, all recycled products were a major draw for Watermill. They see potential growth in the recycled paper market.

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