Smurfit Westrock said post-market Wednesday it agreed to acquire Empresas CMPC's Chilean containerboard and corrugated business for $420M. The deal includes a paper machine located in Santiago that produces roughly 250K tons per year, strengthening the company's regional paper system. Smurfit Westrock said the acquired assets sit close to Chile's key fishery and agricultural regions, complementing its existing corrugated business and offering the opportunity to take one of the leading positions in containerboard and corrugated in Chile. The company added that it can integrate recycled paper into its operations in Argentina, Peru, and Ecuador while routing kraftliner from Brazil and North America into the acquired Chilean corrugated assets. Smurfit Westrock Latam chief executive Alvaro Henao said the acquisition firmly establishes Smurfit Westrock as the leading player in Chile and further strengthens its regional footprint.
Smurfit WestRock plcSmurfit Westrock agreed to acquire Empresas CMPC's Chilean containerboard and corrugated business for $420M, expanding its regional footprint.
Empresas CMPC is selling its Chilean containerboard and corrugated business for $420M, a divestiture of unspecified net benefit.
