Mercer International buys DMI pulp mills for $465M

PrintAction Staff
October 07, 2018
By PrintAction Staff
Mercer International has signed a deal to acquire Daishowa-Marubeni International (DMI)’s mill properties in Western Canada for $465 million.

The shareholders of DMI, Nippon Paper Industries Co., Ltd. and Marubeni Corporation will sell all DMI shares to Mercer, including assets for the Peace River pulp mill in Peace River, Alberta, a 50-percent ownership of the Cariboo pulp and paper mill in Quesnel, B.C., and a 50-percent interest in the Peace River Logging Corporation and associated Limited Partnership, a joint venture with the Woodland Cree First Nation.

Mercer says the deal will allow for a 41-percent increase in pulp production. DMI’s total annual production capacity is approximately 648,500 ADMT NBSK and NBHK market pulp. The transaction is expected to close in the fourth quarter of 2018, subject to customary closing conditions. Operations will continue as scheduled under DMI’s management until the transaction is closed.

“I believe all of DMI’s assets have bright futures,” says Tomoyuki (Steve) Iida, DMI President. “The mills have reliable access to fibre and are well-situated to serve multiple markets. Most importantly, our workforce operating these mills, logging operations and providing corporate administrative services are well experienced and highly skilled.”

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Most Popular

Latest Events

drupa 2020
June 16-26, 2020
Labelexpo Americas 2020
September 15-17, 2020


We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.