Smurfit Westrock to buy CMPC's Chilean containerboard business for USD 420m
Smurfit Westrock has agreed to buy CMPC's Chilean containerboard and corrugated business for USD 420m, a post-synergy multiple of less than 6 times adjusted EBITDA. The assets are a recycled containerboard mill in Santiago with a paper machine of about 250,000 tonnes a year, a fibre collection network, three corrugated plants and one moulded tray facility. Completion is expected in the first half of 2027, subject to customary conditions including regulatory approvals, and will be funded from Smurfit Westrock's own liquid resources.
Why this mattersSmurfit Westrock says the purchase gives it the leading Chilean containerboard and corrugated position, and it links fibre flows with Argentina, Peru, Ecuador and Brazil.
- Consideration is USD 420m, a post-synergy transaction multiple of less than 6 times adjusted EBITDA.
- Assets comprise one recycled containerboard mill in Santiago with a fibre collection centre network, three corrugated plants and one moulded tray facility.
- The Santiago paper machine produces approximately 250,000 tonnes per year.
- Smurfit Westrock intends to fund the transaction from its own liquid resources.
- Completion is expected in the first half of 2027, subject to customary closing conditions including regulatory approvals.
- The acquired mill is intended to feed recycled paper into Smurfit Westrock's Argentina, Peru and Ecuador operations and take kraftliner from Brazil and North America.
- The acquired units are named Envases Impresos Cordillera and Chilena de Moldeados (Chimolsa)
- Corrugated plants are located at Buin, Til Til and Osorno, alongside the Puente Alto paper mill
- The business employs about 1,500 people and operates a 12-site paper and cardboard recovery network
- Completion requires approval from Chile's National Economic Prosecutor's Office