Arauco has expanded its global footprint today by strengthening its presence in the North American market with the purchase agreement for Masisa’s industrial assets in Mexico. The agreement involves an investment of $245 million for three industrial complexes located in Chihuahua, Durango and Zitácuaro. It is estimated that the transaction will be completed during 2018, as the company said in the press release received by Lesprom Network.
In terms of production, the complexes include three particleboard (PB) lines with an annual installed capacity of 293,386msf (519,000 m3) and an MDF panel line of 124,360msf (220,000 m3) a year. In addition, there are three TFL lines, a resin plant, and a veneer line.
“This action is part of our expansion plan that aims to position Arauco as a global company. With this acquisition, we will be extending our presence in the North American panel market, where we see trends of continued market growth for this type of product, focusing on residential and commercial furniture, and industrial markets,” said Matías Domeyko, Arauco CEO.
