M&A
confidence high
sentiment positive
materiality 0.75
Mercer receives court approval to acquire Structurlam mass timber assets for $81.1M
MERCER INTERNATIONAL INC.
- Acquisition of substantially all Structurlam assets approved by bankruptcy court; price $81.1M exclusive of break fee and expense reimbursement.
- Adds Conway, AR facility (2021, 75,000 m3 capacity) and three BC facilities (combined 40,000 m3), adding glulam capability.
- Increases CLT capacity to ~210,000 m3 and adds 45,000 m3 glulam; strengthens Mercer's North American mass timber position.
- Transaction expected to close shortly; complements existing Spokane Valley facility and provides potential synergies.
- CEO states deal aligns with strategy to expand and diversify solid wood product mix and capitalize on growing mass timber market.