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Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Europe / Global / North America
October 4, 2022

Mercer completes acquisition of German HIT Torgau for EUR 270 million

Mercer completes acquisition of German HIT Torgau for EUR 270 million
Mercer International Inc. has completed its previously-announced acquisition of all of the shares of the parent company of Holzindustrie Torgau (HIT).    Juan Carlos Bueno, CEO, 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.”    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 ...

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