Mercer International Inc. has entered into an agreement to acquire the Santanol Group, which owns and leases approximately 2,500 hectares of existing Indian sandalwood plantations and a processing and extraction plant in North West Australia.
The proposed acquisition will expand the Company's operations to include plantation harvesting and the production of solid wood chemical extractives.
The proposed acquisition is subject to customary conditions, including, among others, receipt of requisite regulatory approval, and is expected to complete in or about the end of the 3Q 2018.
Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 1.5 million tonnes of NBSK pulp and 550 million board feet of lumber.