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Mercer to buy Celgar pulp mill


November 23, 2004
By Pulp & Paper Canada

Mercer International is planning to purchase the Celgar NBSK pulp mill for $210 million, making it the largest publ…

Mercer International is planning to purchase the Celgar NBSK pulp mill for $210 million, making it the largest publicly traded market producer of NBSK pulp in the world. Located in Castlegar, BC, the Celgar mill has an annual production capacity of approximately 430,000 tonnes. Although the transaction is subject to a number of conditions, the purchase price for the mill has been set at $210 million, excluding an amount for defined working capital on closing. Of the amount, $170 million is payable in cash, with the remaining $40 million payable in Mercer shares.

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