Mercer International Inc. has completed its previously-announced acquisition of all of the shares of the parent company of Holzindustrie Torgau (HIT). Juan Carlos Bueno, CEO, stated: “We are very excited about the acquisition of HIT and the expansion of our solid wood operations in Germany. I want to welcome all of the HIT employees to the Mercer team.” Consideration of €270 million (approx. $275.4 million), inclusive of forecasted net working capital of approximately €43 million (approx. $43.9 million). HIT is the world’s largest producer ...
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