Smurfit Westrock to Acquire CMPC’s Chilean Packaging Business for $420M — Smurfit Westrock plc

Event summary

Smurfit Westrock agrees to acquire CMPC’s Chilean containerboard and corrugated business for $420 million.
The deal includes a well-invested paper machine in Santiago producing 250,000 tons per year.
Transaction expected to close in the first half of 2027, subject to regulatory approvals.
Smurfit Westrock will fund the acquisition using its own liquid resources.
The acquisition strengthens Smurfit Westrock’s position in Chile and integrates recycled paper into operations in Argentina, Peru, and Ecuador.

The big picture

Smurfit Westrock’s acquisition of CMPC’s Chilean business aligns with its medium-term plan to expand in Latin America through strategic investments and acquisitions. The deal strengthens its regional footprint and integrates key assets in a market known for strong growth and resilience. The transaction underscores the company’s focus on consolidating its position in high-growth packaging markets.

What we're watching

Integration Challenges: How Smurfit Westrock will integrate CMPC’s assets and team into its existing operations.
Regulatory Approval: Whether the transaction will receive regulatory approvals on the expected timeline.
Market Positioning: The pace at which Smurfit Westrock can establish itself as the leading player in Chile’s containerboard and corrugated market.