DMI selling BC mills to Mercer

The shareholders of Daishowa-Marubeni International Ltd. (DMI), Nippon Paper Industries Co. Ltd. and Marubeni Corp. announced an agreement to sell all DMI shares to Mercer International Inc.

DMI’s assets include the Peace River pulp mill in Peace River, AB, a 50% ownership of Cariboo Pulp and Paper mill in Quesnel, BC, and a 50% interest in the Peace River Logging Corp., a joint venture with the Woodland Cree First Nation.

Closing was expected in 4Q18.

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