Mercer International Inc., a global producer of market pulp and solid wood products with mills in Canada, Germany, and Australia has agreed to acquire all of the outstanding shares of the parent company of HIT for consideration of €270 million (approx. $275.4 million).

In August 2021, construction on Binderholz’s solid wood panel plant II began in St. Georgen bei Salzburg, Austria. In marking the development of the site into what the company said is the most modern and powerful solid wood panel plant in the world. That plant is expected to open by year's end.