CMPC will acquire Brazil’s Iguaçu Celulose Papel
As a part of CMPC’s strategy to cement its position in the sustainable packaging market, the acquisition of Iguaçu has been signed for Brazilian Real 45.7 million (~USD 166.02 million. Brazil-based Iguaçu is in the business of manufacturing paper, paper and cellulose bags.
Chile-headquartered pulp and paper company CMPC has signed an agreement to acquire the Brazilian company Iguaçu Celulose e Papel SA, a cellulose, paper and paper bags producer, from the states of Paraná and Santa Catarina. This acquisition will reinforce its investment in the production of biodegradable and environmentally friendly packaging.
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Post-acquisition, CMPC will start its operations in Brazil with its three lines of action – sustainable packaging (bio-packaging) adding to the pulp business, with the Guaíba industrial unit, and tissue paper, with Softys. Additionally, CMPC’s annual paper sack production capacity will be increased to around 1.5 billion units.
The acquisition of Iguaçu, agreed in the amount of Brazilian Real 45.7 million (~USD 166.02 million), including the payment of existing debts. This is a part of CMPC’s strategy of strengthening its position in the sustainable packaging market, as Iguaçu is in the business of manufacturing paper, paper and cellulose bags.
Francisco Ruiz-Tagle, CEO of CMPC Companies, says, “Packaging made from natural fibers is the packaging of the future, as these are products that are friendly to the planet, recyclable and sometimes disintegrating, with a low carbon footprint. Therefore, continuing to grow in this segment is so relevant for CMPC and its sustainability goals.”
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The facilities acquired from Iguaçu have aggregate manufacturing capacity of 105,000 TPA of pulp; 120,000 TPA of Sack-Kraft Paper; 21,000 TPA of special papers, in addition to conversion lines to produce 500 million units of paper bags per year; located in the states of Paraná and Santa Catarina. The acquisition includes the company’s forest base, which has 11,821 hectares of productive area.