Mercer International Inc. completed the acquisition of Substantially all assets of Structurlam Mass Timber Corporation.
June 14, 2023
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Mercer International Inc. (NasdaqGS:MERC) entered into a stalking horse asset purchase agreement to acquire Substantially all assets of Structurlam Mass Timber Corporation for $60 million on April 21, 2023. The APA is subject to higher and better offers as part of a court monitored auction process. As of May 30, 2023, Mercer International Inc. received applicable Bankruptcy Court approval of a sales order approving the acquisition of substantially all of the assets of Structurlam Mass Timber Corporation and its subsidiaries ("Structurlam"), including a production facility located in Conway, Arkansas (the "Conway Facility") and production facilities in British Columbia, Canada, for $81.1 million, exclusive of a break fee and expense reimbursement, subject to customary adjustments. The transaction is subject to customary conditions and is expected to be completed shortly. Miller Buckfire & Co., LLC acted as financial advisor to Structurlam.
Mercer International Inc. (NasdaqGS:MERC) completed the acquisition of Substantially all assets of Structurlam Mass Timber Corporation on June 15, 2023. Mercer acquired substantially all of the assets of Structurlam Mass Timber Corporation for a cash consideration of $82.1 million.
Mercer International Inc. is a global forest products company. The Companyâs segments include Pulp and Wood Products. The Company's four pulp mills and its 50% interest in the Cariboo pulp mill are aggregated into the pulp segment. Its wood segment includes the Friesau sawmill, the Torgau facility, and the Mercer Mass Timber facility. It owns a cross-laminated timber (CLT) facility located in Spokane, Washington called Mercer Mass Timber LLC. It produces electrical and thermal energy from biomass byproducts. Its products include pulp products, timber products, mass timber, green energy, bio extractives and biomaterials, biofuels, pallets, wood and transport services, and logistic services. Its operations include Mercer Celgar, Mercer Forestry Services, Mercer Holz, Mercer Logistik, Mercer Mass Timber, Mercer Peace River, Cariboo Pulp & Paper, Mercer Timber Products and Santanol. It also owns production facilities located in Conway, Arkansas and in Penticton, British Columbia, Canada.
MERCER INTERNATIONAL INC. 
