Lumber acquisitions
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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 capacity of approximately 410 MMfbm and electricity generation capacity of 15MW. For fiscal year 20211, HIT had: net revenues of €227 million, including approximately €169 million from pallets, €17 million from other lumber / wood / milled products, €27 million from... Continue reading
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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 capacity of approximately 410 MMfbm and electricity generation capacity of 15MW. For fiscal year 20211, HIT had: net revenues of €227 million, including approximately €169 million from pallets, €17 million from other lumber / wood / milled products, €27 million from... Continue reading
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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 capacity of approximately 410 MMfbm and electricity generation capacity of 15MW. For fiscal year 20211, HIT had: net revenues of €227 million, including approximately €169 million from pallets, €17 million from other lumber / wood / milled products, €27 million from... Continue reading