Mercer International to Acquire Germany's Holzindustrie Torgau for EUR 270m.
MANews-(C)2009-2022
New York-based forest products company Mercer International Inc. (NASDAQ: MERC) has agreed to acquire all of the outstanding shares of the parent company of German carpentry services provider Holzindustrie Torgau (HIT) for EUR 270m (USD 276m), the company said.
The transaction is inclusive of forecasted net working capital of approximately EUR 43m (USD 44m), and is expected to close in the third or early fourth quarter of 2022. The Transaction is structured on a cash free and debt free basis.
HIT owns 100% of a timber processing and value-add pallet production facility in Torgau, Germany and a wood processing...
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