Companies in the timber industry / Daily News / Lumber / Sawmilling / Wood pellets / Wood Products / Europe / Global / North America
May 24, 2017
Mercer completed acquisition of Germany’s largest sawmill from Klausner
Mercer International Inc. announced that it has completed, through its wholly owned subsidiary Mercer Timber Products GmbH , its previously announced agreement to acquire substantially all of the assets of one of Germany's largest sawmills and a biomass power plant, near Friesau, Germany, for approximately $55.1 million plus defined working capital of approximately $6.5 million. In connection with the acquisition, Mercer announced that it has also successfully replaced the existing €25 million revolving working capital facility of its subsidiary, Zellstoff-und Papierfabrik Rosenthal GmbH, with a new €70 million joint revolving credit facility for ZPR and ...
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