Mercer to acquire Germany's Holzindustrie Torgau, which owns a timber processing and value-added pallet production site in Torgau, wood processing site in Dahlen; Mercer will acquire outstanding shares of HIT's parent company for consideration of €270M

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July 22, 2022 (press release) –

Mercer International Inc. (Nasdaq: MERC) (“Mercer“, the “Company“, “we“, “our“) today announced that it has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT for consideration of €270 million, inclusive of forecasted net working capital of approximately €43 million (the “Transaction“). 

HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany (the “HIT Facility“) and a wood processing facility in Dahlen, Germany that produces garden products. 

The Transaction is subject to customary closing conditions, including receipt of requisite regulatory anti-trust approvals.  The Transaction is expected to close in the third or early fourth quarter of 2022.

Sangra Moller LLP acted as legal advisor for Mercer.

You can find more information here.

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