DMI sells Peace River mill

TORONTO – Mercer International Inc. has signed a deal to acquire Daishowa-Marubeni International Ltd., which owns a bleached kraft pulp mill in Peace River, Alta., and a 50 per cent stake in a joint venture which operates a bleached kraft pulp mill in Quesnel, B.C.

Under the agreement with Marubeni Corp., Nippon Paper Industries Co. Ltd., and Daishowa North America Corp., Mercer will pay $465 million for the assets.

Mercer says the deal will boost its annual production capacity for pulp by about 41 per cent.

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