Mercer International Inc. Announces the Completion of the Acquisition of Holzindustrie Torgau ("HIT")
September 30 2022 - 9:15AM
Mercer International Inc. (Nasdaq: MERC)
("
Mercer", the "
Company",
"
we", "
our") today announced that
it has completed its previously-announced acquisition of all of the
shares of the parent company of HIT.
Mr. Juan Carlos Bueno, Chief Executive Officer,
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."
He continued: "We look forward to integrating
HIT and furthering our goal to operate world class operations.
Additionally, I am excited about the expansion of our product mix
with the introduction of pallets and biofuels and look forward to
working with HIT's strong customer base and enhancing its market
position."
About Us
Mercer International Inc. is a global forest
products company with operations in Germany, the USA and Canada
with a consolidated annual production capacity of 2.3 million
tonnes of pulp, 550 million board feet of lumber, and 140 thousand
cubic meters of cross-laminated timber. To obtain further
information on the company, please visit its website at
www.mercerint.com.
The preceding includes forward looking
statements which involve known and unknown risks and uncertainties
which may cause our actual results in future periods to differ
materially from forecasted results. Words such as "expects",
"anticipates", "are optimistic that", "projects", "intends",
"designed", "will", "believes", "estimates", "may", "could" and
variations of such words and similar expressions are intended to
identify such forward‐looking statements. Among those factors which
could cause actual results to differ materially are the following:
the highly cyclical nature of our business, raw material costs, our
level of indebtedness, competition, foreign exchange and interest
rate fluctuations, our use of derivatives, expenditures for capital
projects, environmental regulation and compliance, disruptions to
our production, market conditions and other risk factors listed
from time to time in our SEC reports.
APPROVED BY:
Jimmy S.H. Lee Executive Chairman of the
Board(604) 684-1099
Juan Carlos BuenoPresident & Chief Executive
Officer(604) 684-1099
ContactFor more information,
please contact:
Name: |
David K. Ure |
Title: |
Senior VP Finance, CFO & Secretary |
Phone: |
(604) 684-1099 |
email: |
david.ure@mercerint.com |
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