Mercer International Inc. received approval from the applicable Bankruptcy Court for a sales order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington for a price of $50 million, subject to customary adjustments. The closing of the sale is scheduled to occur shortly.
The facility has capacity of approximately13 million sq. ft. of 5-ply panels annually or 140,000 m3 of annual production based on 5-day operations; and represents about 30% of the current North American mass timber manufacturing capacity.
The facility is equipped with state-of-the-art extensive automation technologies including one of the largest CLT presses in the world.
David Gandossi, CEO of the Company, stated: “We are very pleased with our impending acquisition of the facility. It represents an attractive entry point for us into the CLT business with a near new state-of-the-art facility.”
Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 2.2 million tonnes of pulp and 550 million board feet of lumber.
