Mercer International Inc. announced that it has 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, including a production facility located in Conway, Arkansas 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.
The Conway facility is a modern, state-of-the-art manufacturing facility that was built in 2021 and has an annual capacity of approximately 75,000 m3; can produce both glued laminated timber (glulam) and cross-laminated timber (CLT).
The assets also include three facilities located in British Columbia, Canada with a combined annual capacity of approximately 40,000 m3 of glulam and CLT.
The transaction will, among other things, add glulam production capability to Mercer’s existing mass timber offering.
Mercer International Inc. is a global forest products company with operations in Germany, the USA and Canada with consolidated annual production capacity of 2.3 million tonnes of pulp, 960 million board feet of lumber, 140 thousand cubic meters of cross-laminated timber, 17 million pallets and 150,000 metric tonnes of wood pellets.
