Mercer International Inc. has been granted approval by the Bankruptcy Court for its acquisition of Structurlam Mass Timber Corporation and its subsidiaries. The purchase, which is valued at $81.1 million (excluding fees and expenses), encompasses the Conway Facility in Arkansas, USA, and production facilities in British Columbia, Canada. The deal is expected to be finalized soon, subject to customary conditions.
The Conway Facility, constructed in 2021, is a state-of-the-art manufacturing plant with an annual capacity of approximately 75,000 m3. The facility specializes in the production of glued laminated timber (glulam) and cross-laminated timber (CLT), and boasts over 280,000 square feet of manufacturing space. The acquisition of Structurlam Mass Timber Corporation and its subsidiaries will allow Mercer International Inc. to expand its presence in the mass timber industry and better serve its customers.
Mercer International Inc. is a global leader in the production of pulp and paper products and has been actively exploring opportunities in the mass timber industry. The company has been working to diversify its product offerings and expand into new markets. The acquisition of Structurlam Mass Timber Corporation and its subsidiaries is a significant step towards achieving these goals.
The mass timber industry has experienced significant growth in recent years, and demand for mass timber products is expected to continue to rise. Mass timber is a sustainable, renewable, and environmentally friendly alternative to traditional building materials such as steel and concrete. It is also more cost-effective and faster to construct, making it an attractive option for builders and developers.
The acquisition of Structurlam Mass Timber Corporation and its subsidiaries will allow Mercer International Inc. to capitalize on this growing demand and position itself as a leading player in the mass timber industry. The company’s expertise in manufacturing and distribution, combined with Structurlam’s cutting-edge technology and innovative products, will enable it to offer a wide range of high-quality mass timber products to customers around the world.
In conclusion, Mercer International Inc.’s acquisition of Structurlam Mass Timber Corporation and its subsidiaries is a significant development in the mass timber industry. The acquisition will allow Mercer International Inc. to expand its presence in the industry and better serve its customers. With the growing demand for sustainable building materials, the mass timber industry is poised for continued growth, and Mercer International Inc. is well-positioned to capitalize on this trend.
