Arauco Adds in Canada

Arauco Adds in Canada

Chile M&A Canada

Celulose Arauco has agreed to purchase Canadian wood panel firm Flakeboard for $243m, it says. The forestry unit of the Chilean Copec conglomerate claims the buy makes it the top wood panel producer in the Americas, including capacity of 2.9m cubic meters of panels per year in the US. Flakeboard operates two wood panel plants in Canada and five in the US. Arauco is funding the purchase with cash on hand, an investor relations official says, through it does not rule out a bond sale near the end o

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