Peppermint power plant was the power plant belonging to a gigantic paper mill. The paper mill was built between 1859 and 1861. Due to financial problems and disputes with the community, it would take until 1865 before production was started.

In 1886, the production facilities fell victim to a fire and had to be largely rebuilt. The company underwent several expansions and succeeded in buying out various competitors. At its 50th anniversary in 1911, the factory employed 270 people. During the war of 1914, the factory ran into financial difficulties due to the collapse of the bank and had to sell the two acquired competitors.