Companies in the timber industry / Daily News / Global Trends / Wood construction / Wood Products / Wood-based panels / Europe / Global / North America
August 5, 2021

Mercer buys Katerra’s CLT facility

Mercer buys Katerra’s CLT facility
Mercer announced that it received approval from the applicable Bankruptcy Court of the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington for a price of $50 million previously owned by Katerra. The closing of the sale is scheduled to occur shortly.    Katerra was founded in 2015 to build low-cost, modular apartment buildings out of prefabricated components. It operated five manufacturing plants — one in Washington state, one in California and three in India — and secured more than 400 construction contracts worldwide, but it never turned ...

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