The agreement includes one recycled containerboard mill (with a network of fiber collection centers), three corrugated plants, and one molded tray facility.
Sept. 24, 2026 - Smurfit Westrock has announced its agreement to acquire the Chilean Containerboard and Corrugated business of Empresas CMPC S.A. for $420 million, which represents a post-synergy transaction multiple of less than 6 times Adjusted EBITDA.
Smurfit Westrock intends to fund the transaction using its own liquid resources.
The deal includes one recycled containerboard mill (with a network of fiber collection centers), three corrugated plants, and one molded tray facility.
In a press release, the company said, "We believe the business is highly complementary to our existing operations and provides an excellent platform from which to continue growing alongside our customers in Latin America.
"These assets are strategically located close to the country's key fishery and agricultural regions, complementing our existing corrugated business and represent, for Smurfit Westrock, 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 our regional paper system. It will allow us to integrate recycled paper into our operations in Argentina, Peru, and Ecuador, while also enabling us to route kraftliner from Brazil and North America into the acquired corrugated assets in Chile."
Tony Smurfit, President and CEO, said, "Opportunities to acquire a truly unique business like this one are rare. CMPC has nurtured and grown this business over many decades and brings tremendous expertise into the Smurfit Westrock organization. With both the extensive industry knowledge and geographic footprint that Smurfit Westrock brings to our new colleagues, I am very excited about future opportunities for growth and development across the region. I am equally pleased to expand our presence in the Chilean market which, over decades, has shown strong growth and resilience."
Smurfit Westrock expects to complete the acquisition during the first half of 2027, subject to customary closing conditions, including regulatory approvals.
Smurfit Westrock is a leading provider of paper-based packaging solutions in the world, with approximately 96,000 employees across 40 countries.
SOURCE: Smurfit Westrock