Home News Industry News Mercer International Inc. Expands Solid Wood and Extractives Operations

Mercer International Inc. Expands Solid Wood and Extractives Operations

NEW YORK, NY, August 14, 2018 - Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced that it has entered into an agreement to acquire the Santanol Group, which owns and leases approximately 2,500 hectares of existing Indian sandalwood plantations and a processing andextraction plant in North West Australia.

The proposed acquisition will expand the Company's operations to include plantation harvesting and the production of solid wood chemical extractives.

Indian sandalwood is a highly prized species and its harvested wood is sold for religious and decorative uses in Asia. In addition, oil is extracted from the wood and processed and sold by Santanol for several uses, including fragrances and cosmetics.

The proposed acquisition is subject to customary conditions, including, among others, receipt of requisite regulatory approval, and is expected to complete in or about the end of the third quarter of 2018.

Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 1.5 million tonnes of NBSK pulp and 550 million board feet of lumber. To obtain further information on the company, please visit its web site at http://www.mercerint.com.

Source: Mercer International

 
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