Arauco's acquisition of Masisa's Mexican assets includes three particleboard lines, an MDF panel line, three TFL lines, a resin plant, and a veneer line.
Masisa SA has reached an agreement to sell 62,000 hectares of its Chilean forestland to US Hancock Natural Resource Group for $203.6 million. News sources report the transaction is expected to be completed within the next two months.
Masonite North American sales rose 9.4%. It closed on the buyout of a Chilean door maker, and shuttered some European businesses.
By Bill Esler
The ratings for Masisa S.A. (Masisa) remain unchanged following the company's announcement that it will acquire two Particle Board (PB) plants in Mexico.