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Mercer International (NASDAQ:MERC) -3% post-market Tuesday after saying it received bankruptcy court approval for the acquisition of assets of Structurlam Mass Timber Corp., including production facilities in Arkansas and British Columbia, for $81.1M.
The Conway, Ark., plant has an annual capacity of ~75K cm and can produce both glued laminated timber and cross-laminated timber; three facilities in B.C. provide a combined annual capacity of ~40K cm of glulam and CLT.
Mercer (MERC) said the total acquisition would materially increase its cross-laminated timber capacity to 210K cm of CLT and add 45K cm of glulam production capacity.
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