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July 25, 2022

Mercer to acquire German HIT Torgau for EUR 270 million

HIT Torgau owns and operates an integrated timber processing facility with wood pallet, lumber, biofuel and energy production. Consideration of €270 million (approx. $275.4 million), inclusive of forecasted net working capital of approximately €43 million (approx. $43.9 million).  HIT is the world’s largest producer of EPAL wood pallets used for shipping and, in 2021, sold 18 million transport pallets of all kinds and over 1 million cubic meters of traditional lumber products. Sawmill residuals are used to produce biofuels in the form of wood pellets and briquettes. Hit has a total green lumber sawmill ...

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