CMPC seals Sepac purchase

CMPC seals Sepac purchase

M&A Chile

Chile's CMPC said its subsidiary Softys has closed the acquisition of Sepac in Brazil for BRL1.3 billion ($327 million), down slightly from the previously announced purchase price of BRL1.31 billion.The Santiago-based paper company agreed to buy Sepac in August to become the largest tissue maker in Brazil, CMPC said in a securities filing.Softys picks up the Duetto, Oaloma, Stylus and Maxim brands through the acquisition and expands its production capacity to 280,000 tons of tissue paper per yea

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