Mercer Intl Stock Price, News & Analysis

Mercer International has announced an agreement to acquire HIT for €270 million (approx. $275.4 million), including forecasted net working capital of €43 million (approx. $43.9 million). This acquisition positions Mercer as the largest German pallet producer and enhances its timber processing capabilities, increasing annual lumber capacity to 960 MMfbm. The transaction is expected to close in late 2022 and aims to generate operating synergies of $16 million within a year. The acquisition aligns with Mercer’s long-term growth strategy and will diversify its product offerings, particularly in biofuels and pallets.

Mercer International (NASDAQ: MERC) will disclose its second quarter results for the period ending June 30, 2022, on July 28, 2022, after market close. The conference call to discuss these results is scheduled for July 29, 2022, at 11:00 am ET, featuring CEO Juan Carlos Bueno and CFO David K. Ure. Interested participants can access the call by phone or via an online link. Mercer International is a global producer of bioproducts and forest products, with a production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.

Mercer International (Nasdaq: MERC) reported an update regarding a fire at its Stendal pulp mill, which primarily affected the wood chip storage area. The fire has been extinguished, and there was no impact on mill operations. A detailed assessment of damages and a restart plan will be developed, with no set timeline for recommencing operations. The company has property and business interruption insurance covering the incident, subject to deductibles. Mercer operates globally with a significant production capacity in pulp and lumber.

On July 1, 2022, Mercer International reported a fire incident at its Stendal pulp mill in Germany. Fortunately, there were no reported injuries, and both staff and local communities are safe. The fire appears contained to the woodchip storage area and conveyor equipment. As a precaution, the company has initiated shutdown procedures and will reduce pulp production as damage assessment continues. Further updates will be provided as the situation evolves.

Mercer International Inc. (Nasdaq: MERC) announced the tragic passing of an employee at its Rosenthal mill in Germany on June 25, 2022. The company and local authorities have confirmed that the death was not work-related. Mercer activated emergency procedures and is providing support to the employee’s family and affected colleagues. Managing Director Christian Soergel expressed condolences and emphasized the company’s commitment to respect the family’s privacy during this difficult time.

On June 11, 2022, Mercer International Inc. (Nasdaq: MERC) reported a tragic workplace incident at its Peace River mill in Alberta, resulting in the fatality of an employee from an independent contractor. The company is conducting an investigation and cooperating with authorities. Managing Director Roger Ashfield expressed condolences and stated that Mercer’s emergency protocols were activated to address the situation. Mercer is a global producer of forest and bioproducts with significant production capacities across various regions.

Mercer International will participate in the Barclays Leveraged Finance Conference on May 24, 2022, in Austin, TX. Senior VP Finance, CFO David K. Ure will represent the company, sharing insights on its operations. Mercer is a leading producer of forest products and bioproducts, with a consolidated annual capacity of approximately 2.3 million tonnes of pulp, 550 million board feet of lumber, and 140 thousand cubic meters of CLT. The presentation will be available on their website on the day of the event.

Mercer International announced that David K. Ure, Senior VP Finance, CFO & Secretary, will present at the BMO Timber & Wood Products Summit on May 10, 2022, at 2:00 PM ET. The presentation will highlight the company's sustainable bioproducts and production capacities, which include approximately 2.3 million tonnes of pulp and 550 million board feet of lumber annually. Investors can access the presentation on the company's website under the 'Investors - News Releases & Presentations' section.