The acquisition will increase Mercer's pulp production capacity to 2.2 million metr.t
Mercer International Inc. has entered into an agreement to acquire all of the issued and oustanding shares in the Canadian market pulp manufacturer Daishowa-Marubeni International Ltd. (DMI). The purchase price is stated to be US$ 359.2 million, which includes a minimum working capital of US$ 85.7 million.
DMI is owned by the two Japanese companies Japanese Nippon Paper Industries Co. Ltd and Marubeni Corporation, which each hold 50% of the joint venture. The company owns 100% of a bleached softwood and hardwood kraft (NBSK and NBHK) pulp mill in Peace River, Alberta and has a 50% interest in the Cariboo Pulp and Paper Company, a joint venture between DMI and West Fraser which operates a NBSK pulp mill in Quesnel, British Columbia.
DMI's total production capacity at the two sites amounts to 645,000 metric. t per year. According to Marubeni, DMI's market pulp is well known in the markets on North America, Japan and other Asian countries.
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