On February 14, 2005, Mercer International Inc. announced the completion of its acquisition of the Celgar pulp mill and its related assets from KPMG Inc., the receiver of all the assets and undertaking of Stone Venepal (Celgar) Pulp Inc. (KPMG) for US$225 million consisting of US$185 million cash and US$40 million in shares of Mercer.
KPMG was represented by Fasken Martineau in Vancouver with a team that included Donald Dalik, Gary Ott, Jim Piers and Randal Dhaliwal; Michael Fitch, Q.C., and Marcel Peerson handled receivership and vesting order matters.