CMPC bags more assets in Brazil

CMPC bags more assets in Brazil

M&A Debt Brazil Chile

Chilean pulp and paper producer Empresas CMPC said Thursday that it has reached an agreement to buy assets in Brazil from Iguaçu Celulose Papel for BRL946 million ($171 million) in its latest acquisition to expand its business in Latin America's largest economy. CMPC will buy three factories that make paper products, including paper bags, as well as a pine tree plantation, it said in a securities filing. The plants have capacities to produce between 21,000 and 500,000 metric tons per year of pro

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