Structurlam Mass Timber names Mercer winning bidder for assets

By Sarah Lizee

Olympia, Wash., May 26 – Structurlam Mass Timber U.S., Inc. named Mercer International Inc. the winning bidder for its assets following an auction held Wednesday, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware.

Mercer, the stalking hose bidder for the assets, submitted an $83.5 million bid.

Weyerhaeuser Co.’s $80 million bid was named the backup bid.

The sale hearing is scheduled for May 30.

The debtor is a manufacturer of mass timber solutions and has headquarters in Penticton, B.C. The company filed Chapter 11 bankruptcy on April 21 under case number 23-10497.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.