Home
Logout
P & PRI
Click here for Pulp & Paper Radio International
The Paperitalo Library
The Paperitalo Library
To Subscribe
Archives
Search
White Papers/Downloads
Free Downloads
Member Options
Search
My Profile
Login
PM 40 Companies
Cellulose Community
 Paperitalo Resources
Paperitalo Supplier Directory
onlyPulpandPaperJobs.com
The Paperitalo Library
 Inside PaperMoney
Home
Paperitalo/Media Kit
Search
Nip Impressions
 Departments
Editorial
PM40
RearView
Disconnected Comparisons
Insider Trading
 Current News
Supplier News
Culture & Marketing
Corporate Finance
Joint Venture
Labor & Union Actions
Legal
Major Expenditures
Market News of Note
Mergers & Acquisitions
Major Announcements
Operations Announcements
Reported Risks
Facility Closures/Reductions
 In Closing
The Final Word
 Reference Library
AM Best Insurance News
Delaware Chancery Court
Energy
Fiduciary Developments
ICC News and Proceedings
Key Interest Rates
SEC Filings
WTO News and Proceedings
White Papers
Two Sides
 Member Options
Join Now
Login
Logout
 About Paper Money
Home
Contact Us
CMPC Purchases Brazilian Tissue, Diaper Maker
Print

BRAZIL (From news reports) -- Chile's CMPC tissue paper subsidiary Softys announced on Tuesday that it has reached an agreement to buy Paraná, Brazil-based Sepac for a little over $300 million. The deal will create the largest company in this segment in Brazil.

Sepac was founded in 1974 and owns tissue brands such as Duetto, Paloma, Stylus and Maxim as well as a self-named diaper brand. The company has an annual production capacity of 135,000 tons of tissue paper and 175 million diapers per year. Sales in 2019 are expected to total $200 million.
"The merger of the two companies will consolidate Softys as the largest operator of the tissue industry in Brazil, highlighting Sepac's presence in the south of the country that is complemented by Softys' current relevance in the central states," CMPC said in a statement. . "This is an operation consistent with our goal to grow in markets with high development potential for the tissue business, such as Brazil," said CMPC Group Chairman Francisco Ruiz-Tagle in the statement.

Softys has been in Brazil since 2009 and has operations in São Paulo, with a capacity to produce 145,000 tons of tissue paper. The company diversified into diapers in 2017 with a Sepac brand.

**********

Onlypulpandpaperjobs.com has taken off like a rocket! Over fifty jobs are posted, in many interesting categories. These jobs are in at least ten different US states. [06.19.19]

****

Employers are on board with Onlypulpandpaperjobs.com. There are nearly forty employers located in fifteen different US states and six other countries. [06.19.19]
 
Related Articles:

Glatfelter completes merger with Berry's health and hygiene business
Lecta announces spin-off of its self-adhesive business
EU sets Jan. 10 deadline for International Paper-DS Smith deal
KCL Acquires Advanced Biocomposite Manufacturing Equipment from UPM
'We got completely played for suckers,' MP says of recent takeovers in Canadian forestry
Domtar owner planning to acquire APP
Packaging firm Amcor to buy Berry for $8.43 billion
Domtar acquires Iconex Paper's point-of-sale receipt business in North America
Stora Enso wants to sell forest assets at least at book value
Ahlstrom completes the divestment of Aspa pulp mill to Sweden Timber

Login and voice your opinion!

 Our Sponsors
















































 Copyright © and Trademark PaperMoney ® 2006-2024 All Rights Reserved

A Paperitalo Publication/The Home of your Prospects (TM)


Copyright Statement | Privacy Statement | Terms of Service 

 

 

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: