Mercer International: A Leveraged Bet on Pulp Recovery and Engineered Wood Growth, with High Risk and Potential High Reward
Overview
Mercer International is a leading global supplier of market pulp and solid wood products, operating modern, efficient mills in Canada and Germany. It is increasingly diversifying through an expanding portfolio of engineered wood products (cross-laminated timber, glulam), pallets, and bio-products. With a 2024 revenue of $2.04 billion, approximately three-quarters of its income is sourced from pulp and the rest from its growing solid wood division. The company's renewable, sustainable materials serve tissue, packaging, construction, and industrial markets worldwide, positioning Mercer as a globally significant, vertically integrated forest products provider.