NEW YORK, Nov. 16 /CNW/ -- Mercer International Inc. (Nasdaq: MERC, TSX: MRI.U) announced today it has divested its last remaining paper mill at Fahrbrucke to focus exclusively on the manufacture and sale of pulp. The Company currently expects to incur costs of approximately euro 6.0 million in connection with funding and other commitments related to the divestiture. Jimmy S.H. Lee, the CEO of the Company said: "This transaction completes our strategy of exiting the paper business to focus on our core competency of pulp. Although the Fahrbrucke mill had attempted to focus on high margin products, the small capacity of its paper machine did not permit it to make a satisfactory contribution. We are pleased to complete this divestment on terms which control and quantify our cash costs, preserves the tax attributes of the prior business and results in the mill being acquired by new owners who are committed to maintaining the assets, including ongoing employment for workers." Mr. Lee concluded: "I would like to wish all the best and success to the Fahrbrucke employees in the future under their new ownership." Mercer International Inc. is a global pulp 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 the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: market conditions, competition and other risk factors listed from time to time in the company's SEC reports.