Mercer International Inc. Announces the Completion of the Acquisition of Holzindustrie Torgau
Mercer International Inc. (“Mercer”, the “Company”, “we”, “our”) announced that it has completed its previously-announced acquisition of all of the shares of the parent company of HIT.
Mr. Juan Carlos Bueno, Chief Executive Officer, stated: “We are very excited about the acquisition of HIT and the expansion of our solid wood operations in Germany. I want to welcome all of the HIT employees to the Mercer team.”
He continued: “We look forward to integrating HIT and furthering our goal to operate world class operations. Additionally, I am excited about the expansion of our product mix with the introduction of pallets and biofuels and look forward to working with HIT’s strong customer base and enhancing its market position.”
About Mercer International
Mercer International Inc. is a global forest products company with operations in Germany, the USA and Canada with a consolidated annual production capacity of 2.3 million tonnes of pulp, 550 million board feet of lumber, and 140 thousand cubic meters of cross-laminated timber. To obtain further information on the company, please visit its website at www.mercerint.com.
Jimmy S.H. Lee – Chairman – (604) 684-1099
Source: Mercer International, Inc.