Mercer International Receives Court Sales Order Approval to Acquire the Assets of Structurlam

Mercer International Inc., a global forest products with operations in Germany, the US, and Canada, announced on Tuesday (5-30-23) that it has received applicable Bankruptcy Court approval of a sales order approving the acquisition of substantially all of the assets for Structurlam Mass Timber Corporation and its subsidiaries—including a production facility located in Conway, Arkansas, and a production facility 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.

In a statement prepared for the announcement, Mercer International Inc. President and Chief Executive Office Juan Carlos Bueno stated:

“The acquisition of the Structurlam assets is consistent with our strategy to expand and diversify our product mix in our solid wood segment and build out our existing mass timber business. The acquisition will materially increase our existing production capacity and cement our position as a leading producer of mass timber products.”

“Our Mercer Mass Timber facility and the Conway facility are two of the most modern mass timber facilities in North America, which we believe will position us well to capitalize on the growing market share of CLT and glulam in the North American construction business. We look forward to completing the acquisition and continuing to grow our contribution to a circular carbon economy, providing sustainable and carbon reducing alternatives through our innovative forest products.”