Mercer (MERC) Boosts Production Capacity With Structurlam Buy
The Structurlam assets include a state-of-the-art mass timber facility in Conway, AR which has an annual capacity of approximately 75,000 cubic meters. It can produce both glulam and cross-laminated timber (CLT). The deal also includes three facilities located in British Columbia, Canada with a combined annual capacity of approximately 40,000 cubic meters of glulam and CLT.
Structurlam had entered into a stalking horse asset purchase agreement with Mercer in April 2023. Structurlam subsequently filed for bankruptcy under Chapter 11 of the U.S. code. Last month, MERC received bankruptcy court approval for the acquisition.
