FRITZ EGGER GmbH & Co. OG agreed to acquire Argentine industrial unit from Masisa S.A. (SNSE:MASISA) for approximately $160 million debt-free on July 17, 2017. Masisa S.A., Argentine industrial unit reported a turnover of approximately $130 million in 2016 and had an Enterprise Value/Revenue multiple of 1.2x. EGGER will take over the approximately 500 employees of Masisa in Argentina. Inverlink S.A. and UBS Securities LLC acted as financial advisors to Masisa S.A. FRITZ EGGER GmbH & Co. OG completed the acquisition of Argentine industrial unit from Masisa S.A. (SNSE:MASISA) on September 29, 2017. The transaction is subject to conditions precedent customary and approved by the Directorship of Argentinean Border Technical Affairs (la Dirección de Asuntos Técnicos de Fronteras de Argentina). All proceeds obtained from this transaction will be use to reduce Masisa's debt. The transaction will result in consolidate profits of approximately $97 million for Masisa S.A.