Mercer International Inc. Announces the Completion of the Acquisition of Structurlam Mass Timber Assets
June 15 2023 - 5:30PM
Mercer International Inc. ("Mercer" or the "Company") (Nasdaq:
MERC) today announced that it has completed the
previously-announced acquisition of substantially all of the assets
of Structurlam Mass Timber Corporation and its subsidiaries.
Mercer International Inc. is a global forest
products company with operations in Germany, the USA and Canada
with consolidated annual production capacity of 2.3 million tonnes
of pulp, 960 million board feet of lumber, 140 thousand cubic
meters of cross-laminated timber, 17 million pallets and 150,000
metric tonnes of wood pellets. To obtain further information on the
company, please visit its web site at
https://www.mercerint.com.
The preceding includes forward looking
statements which involve known and unknown risks and uncertainties,
including statements concerning the expected completion of the
acquisition of the Structurlam assets and the benefits thereof.
Words such as "expects", "anticipates", "are optimistic that",
"projects", "intends", "designed", "will", "believes", "estimates",
"may", "could" and variations of such words and similar expressions
are intended to identify such forward-looking statements. Actual
results and outcomes may differ materially from what is expressed
or forecasted in these forward-looking statements. Among those
factors which could cause actual results to differ materially are
the following: any inability to successfully integrate the acquired
assets, the highly cyclical nature of our business, raw material
costs, our level of indebtedness, competition, foreign exchange and
interest rate fluctuations, our use of derivatives, expenditures
for capital projects, environmental regulation and compliance,
disruptions to our production, market conditions and other risk
factors listed from time to time in our SEC reports.
APPROVED BY:Jimmy S.H. LeeExecutive
Chairman(604) 684-1099
Juan Carlos BuenoChief Executive Officer(604) 684-1099
Mercer (NASDAQ:MERC)
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