Structurlam files for bankruptcy, plans to sell assets to Mercer

Structurlam Mass Timber Corp., a Canadian mass timber manufacturer with holdings in Arkansas, announced Monday (April 24) plans to sell the company and file for Chapter 11 bankruptcy. According to Monday’s news release, Structurlam has entered into a stalking horse asset purchase agreement (APA) with Mercer International to sell its assets for $60 million. “I am delighted and grateful for Mercer’s vote of confidence in Structurlam and in its leadership in the mass timber industry,” Structurlam CEO Matthew Karmel said. “It is especially rewarding given the difficult period the company has had since suspending its operations ...