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Mercer International completes acquisition of Daishowa-Marubeni International
Mercer International recently announced that it has completed its previously announced acquisition of Daishowa-Marubeni International Ltd. ("DMI").
DMI owns 100% of a bleached kraft pulp mill in Peace River, Alberta and has a 50% interest in the Cariboo Pulp and Paper Company, a joint venture which operates a bleached kraft pulp mill in Quesnel, British Columbia.
Mr. David M. Gandossi, Chief Executive Officer, stated: "We are pleased to announce the completion of our strategic acquisition of DMI, which increases our current Canadian operations and presence in Asia and expands our product offering to include northern bleach hardwood kraft pulp." Mr. Gandossi concluded: "We welcome DMI's employees to the Mercer team and look forward to working with our new government, community and first nations partners in alignment with our core values of health and safety, sustainability, integrity, innovation and performance excellence."