Empresas CMPC S.A. agreed to acquire Forest and Industrial Assets of the Pulp, Paper and Sack Businesses of IGUAÇU celulose, papel s.a. for approximately BRL 950 million.
December 07, 2021
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Empresas CMPC S.A. (SNSE:CMPC) agreed to acquire Forest and Industrial Assets of the Pulp, Paper and Sack Businesses of IGUAÇU celulose, papel s.a. for approximately BRL 950 million on December 8, 2021. Consummation of the Transaction is subject to several usual conditions precedent, such as authorization from the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Económica), which is required under Brazilian law. The closing of the Transaction is expected to take place within the next 90 days if the agreed conditions precedent are met.
Empresas CMPC SA is a Chile-based company primarily engaged in the paper products industry. The Companyâs activities are divided into five business segments: Forestry, which includes products that are logs for the manufacturing of cellulose pulp and solid lumber products, such as sawn lumber, remanufactured products and plywood boards; Pulp, which provides pulp manufactured in production lines in Chile and Brazil; Paper, which focuses on the production and marketing of cardboard, paper for corrugation , industrial-use paper and newsprint; Tissue, which is responsible for producing and selling tissue, sanitary and specialized hygienic products, such as toilet paper, napkins, baby diapers and facial tissues, and Other, which includes general administrative services. The Company operates in Argentina, Colombia, Mexico, Peru and Ecuador, among others. It controls a number of subsidiaries, such as CMPC Celulosa SA, Cartulinas CMPC SA, Chimolsa SA La Papelera del Plata SA.
Empresas CMPC S.A. agreed to acquire Forest and Industrial Assets of the Pulp, Paper and Sack Businesses of IGUAÇU celulose, papel s.a. for approximately BRL 950 million.
EMPRESAS CMPC S.A. 
