British Columbia-based Structurlam purchased by Mercer International – The Okanagan company that filed for bankruptcy earlier this year is now part of a larger BC company. Last week, Structurlam Mass Timber Corporation announced that all of its assets had been purchased by Mercer International of Vancouver for US$83.5 million.
Based in Penticton, Structurlam specialized in mass timber, which is wood that’s been glued or laminated together, then cut out in various shapes, sizes and lengths. The Chapter 11 auction took place on May 23Mercer International also owns a pulp mill in Castlegar, a small forestry operation in Lumby and a mass-timber operation in Spokane, Washington It employs around 500 people in BC, and about 4,500 to 5,000 employees across the globe, mainly in Germany.
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