# CMPC agrees to buy Iguaçu Celulose Papel plants and forests for R$946 million

Chile's CMPC agreed to buy three plants and forests of Paraná-based Iguaçu Celulose Papel for R$946 million including debts. The deal gives CMPC entry into Brazil's packaging market as the second-largest paper bag supplier.

- Type: Acquisition
- Announced: 2021-12-01
- Where: Paraná, Brazil
- Value: $169.0M (946.0M BRL)
- Status: announced
- Products: paper bags, paper packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [CMPC](https://endata.com/companies/3334.md) (acquirer)
- [Iguaçu Celulose Papel](https://endata.com/companies/8730.md) (target)

## Sources

- [valorinternational.globo.com](https://valorinternational.globo.com/business/news/2021/12/20/mergers-and-acquisitions-to-drive-packaging-sector-in-2022.ghtml), 2021-12-20: "Last week, CMPC agreed to buy three plants and forests of Paraná-based Iguaçu Celulose Papel for R$946 million, including debts."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.