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Management Side
Mercer International Inc. Expands Solid Wood and Extractives Operations
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New York, New York, USA 16 August 2018 -- (News release) -- Mercer International Inc. 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 and extraction 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.

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