There is relief in Whakatāne that the town's biggest employer has been thrown a lifeline and the community isn't facing yet another economic hit.
The Whakatāne mill, which is Oceania's only folding box board manufacturer, was slated for closure at the end of June.
Last week its current owners announced it would be sold to the Smurfit Consortium, which includes a number of New Zealand investors.
Reporter Sarah Robson has been in Whakatāne talking to locals about what it means.
