Mercer completes €270M acquisition of HIT, expanding solid wood operations in Germany

MERCER INTERNATIONAL INC.

Purchase price of €270 million, inclusive of working capital.
HIT owns timber processing and pallet facility in Torgau, Germany, and garden products facility in Dahlen.
Annual capacity up to 17 million pallets and ability to process up to 410 MMfbm of lumber per year.
HIT includes five biomass-fueled power plants generating up to 15MW of electricity.
CEO cites expansion of product mix with pallets and biofuels, and integration with existing operations.

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