SPOKANE VALLEY, Wash.--(BUSINESS WIRE)--Mercer Mass Timber, a low-carbon advanced manufacturer of timber building materials and a subsidiary of Mercer International Inc., today announces that the acquisition of Structurlam Mass Timber Corporation and its subsidiaries ("Structurlam") by parent company Mercer International, has been completed. Mercer Mass Timber will immediately take possession and continue the operation of Structurlam’s manufacturing facilities, which will now operate under the ‘Mercer Mass Timber’ brand, including a production facility located in Conway, Arkansas and in Penticton, British Columbia, Canada.
The sale of Structurlam to Mercer International closed on June 15, 2023. The acquisition will materially increase the existing mass timber production capacity at Mercer Mass Timber and cement our position as a leading producer of mass timber products. Mercer Mass Timber now holds all of Structurlam’s brand assets, product and project portfolios, and intellectual property. Both the Conway and Penticton facilities will remain open and operational.
“We are thrilled to welcome Structurlam into the Mercer Mass Timber fold,” said Brian Merwin, Senior Vice President of Mercer Mass Timber. “This acquisition will allow us to offer our customers a wider range of mass timber products, and to better support their projects with the addition of more cross laminated timber (CLT) capacity and glulam production capabilities. Our goal is to become a one-stop shop for all mass timber needs. The additional manufacturing facilities that the Structurlam acquisition brings will enable us to create greater efficiencies.”
The addition of Structurlam will provide Mercer Mass Timber with a number of strategic benefits, including:
- Increased Product Portfolio, Capacity, and Production Capabilities: This acquisition materially increases Mercer Mass Timber’s capacity for cross laminated timber (CLT). What’s more, it adds glulam production capabilities - 45,000 m3 of capacity to be precise. This will enable Mercer Mass Timber to support larger, more complex projects.
- Bolsters Technical Mass Timber Expertise, Enhancing Client Services: The acquisition will bring together a wealth of industry leadership and experience. With our collective expertise, Mercer Mass Timber is better equipped to tackle multifaceted projects, offer innovative solutions, and navigate the dynamic landscape of the industry.
- Expanded Geographic Reach: Project services will now include both the US and international markets, expanding access to more sustainable building materials which will support global net-zero initiatives in these markets and anywhere else there’s a need for mass timber.
- Secures Larger Market Share: With an increased market share, Mercer Mass Timber will have greater influence in the standardization of product specifications for mass timber within the North American industry. Currently, materials like steel and concrete are standardized - Mercer Mass Timber’s goal is to create similar influence, to facilitate the larger adoption of mass timber, a more sustainable building material.
For more information and updates about Mercer Mass Timber, please visit mercermasstimber.com or follow along on LinkedIn.
About Mercer Mass Timber
Mercer Mass Timber (MMT) is a low-carbon advanced manufacturer of bio-based building materials that empowers communities worldwide to build beautiful, zero-carbon timber buildings. As the largest manufacturer of mass timber in North America, MMT’s people, resources, and technology combine to create built environments that inspire and enable builders, developers, and designers to forge greener, more equitable communities.
MMT is backed by Mercer International, one of the world’s largest market pulp producers.
About Mercer International
Mercer International Inc. is a global forest products company with operations in Germany, the USA and Canada with consolidated annual production capacity of 2.3 million tonnes of pulp, 960 million board feet of lumber, 210 thousand cubic meters of cross-laminated timber, 45,000 cubic metres of glulam, 17 million pallets and 150,000 metric tons of wood pellets.
To obtain further information on the company, please visit its web site at mercerint.com.
The preceding includes forward looking statements which involve known and unknown risks and uncertainties, including statements concerning the expected benefit of the acquisition of the Structurlam assets. 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. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Among those factors which could cause actual results to differ materially are the following: any inability to satisfy the conditions to completion of the proposed acquisition or to successfully integrate the acquired assets, 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 Mercer International Inc.’s SEC reports.
