Arauco to Acquire Masisa Mexico
Arauco has announced plans to purchase Masisa Mexico for $245 million. The acquisition includes facilities located in Chihuahua, Durango and Zitacuaro with total annual production capacity of 220,000m3 for MDF; 519,000 m3 of particleboard and 426,000 m3 of TFL. The sale also includes resin facilities.
The transaction is scheduled to be completed in the first half of 2018, subject to certain conditions and the approval by Mexico’s Federal Economic Competition Commission (COFECE). See Arauco and Masisa