Mercer gets green to acquire Structurlam

Mercer International Inc. has received Bankruptcy Court approval for the acquisition of Structurlam Mass Timber Corporation and its subsidiaries. The acquisition includes the Conway Facility in Arkansas, USA, and production facilities in British Columbia, Canada, for a total of $81.1 million (excluding fees and expenses). The transaction is expected to be completed soon, subject to customary conditions. The Conway Facility is a modern manufacturing plant built in 2021. It has an annual capacity of approximately 75,000 m3 and produces glued laminated timber (glulam) and cross-laminated timber (CLT). With over 280,000 square feet of manufacturing space ...