HIT Torgau owns and operates an integrated timber processing facility with wood pallet, lumber, biofuel and energy production. Consideration of €270 million (approx. $275.4 million), inclusive of forecasted net working capital of approximately €43 million (approx. $43.9 million). HIT is the world’s largest producer of EPAL wood pallets used for shipping and, in 2021, sold 18 million transport pallets of all kinds and over 1 million cubic meters of traditional lumber products. Sawmill residuals are used to produce biofuels in the form of wood pellets and briquettes. Hit has ...
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