MERCER INTERNATIONAL Business Summary

Mercer International Inc. (MERC) is a global forest products leader that generates revenue through the manufacture and sale of Northern Bleached Softwood Kraft (NBSK) pulp, lumber, and sustainable bio-products. The company operates through two primary reportable segments: Pulp and Solid Wood. The Pulp segment, its largest revenue driver, produces market pulp alongside green energy and chemicals derived from the pulping process, while the Solid Wood segment focuses on lumber and high-growth mass timber products, including cross-laminated timber (CLT). Mercer distinguishes itself by controlling approximately 30% of North American CLT production capacity and maintaining a strategic focus on the bio-economy. It competes directly with global giants such as West Fraser Timber, Canfor Corporation, and International Paper, positioning itself as a specialized, sustainability-focused producer with a dominant niche in the premium NBSK market. Originally founded in 1968, the modern iteration of Mercer was largely shaped by Chairman Emeritus Jimmy S.H. Lee, who joined in 1985 and served as CEO for over two decades. The current leadership is headed by President and CEO Juan Carlos Bueno, who joined in 2022 after serving as Executive VP at Stora Enso, and CFO Richard Short, a long-tenured executive who assumed the role in 2023. The executive team also includes Adolf Koppensteiner (COO, Pulp) and Carsten Merforth (COO, Wood), both of whom bring extensive operational expertise in European and North American forestry. The company is overseen by a board led by Chairman William D. McCartney and includes notable directors such as Markwart von Pentz, a former senior executive at Deere & Company. Major institutional backing and significant individual ownership by Peter R. Kellogg anchor the company’s capital structure as it executes its "One Goal One Hundred" cost-efficiency program through 2026.