September 8, 2017 / 12:23 PM / 10 months ago

Chile's Arauco buys rival Masisa's plants in Brazil in $100 mln deal

SANTIAGO, Sept 8 (Reuters) - Chilean forestry company Arauco has reached an agreement to buy two wood panel plants in Brazil from competitor Masisa, in a deal worth $102.8 million, the company said on Friday.

Arauco, a division of industrial conglomerate Empresas Copec , is acquiring one plant in the state of Parana and another in Rio Grande do Sul, the company said in a note to Chilean regulators. The transaction makes Arauco the second largest producer of wood panels in the world and comes as Masisa carries out a divestment plan in Brazil, as well as Argentina and Mexico.

The deal comes a month after exclusive negotiations by Arauco to acquire Brazilian pulpmaker Eldorado J&F Investimentos SA failed over price disagreements. (Reporting by Antonio de la Jara; Writing by Gram Slattery; Editing by Bernadette Baum)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below