Mercer Ventures Inc history

Many of these types of limited partnerships were used during this period as tax shelters, a practice which was shut down by the passage of the Tax Reform Act of 1986.

In the case of Pacific West, investors in 1988 eagerly accepted a chance to trade their limited partnership positions for stock, thereby gaining a way to cash out.

Mercer Name Adopted in 1991

In early 1992, Mercer formed a joint venture with Canada Energy Services Ltd., an environmental engineering and industrial cleaning company operating in Europe and North America.

To gain access to raw material, and forward its new goal of becoming a leading supplier of specialty pulp and paper in Europe, in 1994 Mercer acquired another state-owned business, Sellstoff & Papierfabrik Rosenthal GmbH, a 160,000-ton sulfite paper mill producing chlorine-free pulp and ethanol.

The Rosenthal mill completed an important capital project in 1999 when it was converted from the production of sulfite pulp to that of kraft pulp, making it the only kraft chemical facility operating in Germany.

In December 2001, Mercer paid approximately $2.7 million to acquire Landqart AG, a Swiss manufacturer of security and specialized printing papers, used to print such documents as banknotes, customs forms, and passports.

When operational by the end of 2004, the plant would nearly triple the company's pulp capacity and make Mercer into one of the largest pulp producers in the world.

In December 2007, Mercer acquired Höfer Vorsorge-Management, one of Germany’s leading actuarial and retirement consulting firms.

Mercer And Tesi Merge 2008

Mercer announced in July 2011 that it signed a definitive agreement to acquire Ft.