MERC - Mercer gets bankruptcy court OK to buy Structurlam Mass Timber assets for $81M

2023-05-30 17:57:21 ET

Mercer International ( NASDAQ: MERC ) -3% post-market Tuesday after saying it received bankruptcy court approval for the acquisition of assets of Structurlam Mass Timber Corp., including production facilities in Arkansas and British Columbia, for $81.1M.

The Conway, Ark., plant has an annual capacity of ~75K cm and can produce both glued laminated timber and cross-laminated timber; three facilities in B.C. provide a combined annual capacity of ~40K cm of glulam and CLT.

Mercer ( MERC ) said the total acquisition would materially increase its cross-laminated timber capacity to 210K cm of CLT and add 45K cm of glulam production capacity.

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