Mercer International Inc. has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT (Holz Industrie Torgau) for €270 million. HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany and a wood processing facility in Dahlen, Germany that produces garden products…

Drax Group has signed an agreement with Princeton Standard Pellet Corporation (PSPC) to acquire its pellet plant in Princeton, British Columbia, Canada. The acquisition is expected to be complete in the third quarter of this year. The plant, which has been operating since 1995, has the capacity to produce 90,000 tonnes of wood pellets a year, primarily from sawmill residues. Around half of the output from the plant…

Enviva Inc., the world’s largest producer of industrial wood pellets, has announced the establishment of the Enviva Heirs Property Fund (EHPF), an initiative dedicated to ending involuntary land loss across the U.S. Southeast. Enviva has formally committed $250,000 on an annual basis to provide support to landowning families in the…