Smurfit Westrock plc has announced an agreement to acquire the Chilean Containerboard and Corrugated business of Empresas CMPC S.A. for $420 million, representing a post-synergy transaction multiple of less than 6 times Adjusted EBITDA.
The assets are strategically located close to Chile's key fishery and agricultural regions, complementing the company's existing corrugated business and providing the opportunity to acquire one of the leading positions in containerboard and corrugated in Chile.
The well-invested paper machine, located in Santiago, produces approximately 250,000 tons per year and will strengthen the regional paper system, allowing integration of recycled paper into operations in Argentina, Peru, and Ecuador while enabling kraftliner routing from Brazil and North America into the acquired corrugated assets in Chile.
The company intends to fund the transaction using its own liquid resources, with completion expected during the first half of 2027 subject to customary closing conditions including regulatory approvals.
Alvaro Henao, CEO of Smurfit Westrock Latam, stated that the acquisition firmly establishes Smurfit Westrock as the leading player in Chile and further strengthens the company's regional footprint.