Mercer International Inc. Completes Acquisition of Daishowa-Marubeni International Ltd.
December 10 2018 - 1:28PM
Mercer International Inc. (Nasdaq: MERC) ("Mercer") today 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.
CEO Comments
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."
Mercer International Inc. is a global wood
products manufacturing company. To obtain further information on
the company, please visit its web site at
http://www.mercerint.com.
The preceding includes forward looking
statements which involve known and unknown risks and uncertainties
which may cause our actual results in future periods to differ
materially from forecasted results. Words such as "expects",
"anticipates", "projects", "intends", "designed", "will",
"believes", "estimates", "may", "could" and variations of such
words and similar expressions are intended to identify such
forward‐looking statements. Among those factors which could cause
actual results to differ materially are the following: the highly
cyclical nature of our business, raw material costs, our level of
indebtedness, competition, foreign exchange and interest rate
fluctuations, our use of derivatives, expenditures for capital
projects, environmental regulation and compliance, disruptions to
our production, market conditions and other risk factors listed
from time to time in our SEC reports.
APPROVED BY: Jimmy S.H. LeeExecutive
Chairman(604) 684-1099 David M. GandossiChief Executive Officer
(604) 684-1099
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