Mercer to take over Daishowa-Marubeni and grow its market pulp business

DMI takeover will advance the company’s long term business growth
strategy in pulp, lumber, energy and extractives, says Mercer.
05 Oct 2018 − 

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.

EUWID Pulp and Paper keeps busy professionals up-to-date on the latest news from European pulp and paper markets.

Want to find out more? Check our subscription models or test EUWID Pulp and Paper for three weeks free of charge.

Tags of this news:

previous − Oceanwood completes Norske Skog takeover

Italian coreboard producers fail to implement hikes for October  − next