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Canadian Mercer International submitted an offer in the ongoing bidding process for the Klausner Lumber One sawmill.

The Asset Purchchase Agreement was signed by Chief Restructuring Officer (CRO) from Klausner Michael Freeman and Mercer CEO Jimmy Lee.

Klausner’s attorneys then filed an application to the responsible US Bankruptcy Court, District of Delaware, to name Mercer International a “stalking horse bidder” and to provide the group with certain bid guarantees for the proposed sale.

The post Mercer makes an offer to buy Klausner Lumber One appeared first on Timber Industry News.