CMPC sells corrugated business to Smurfit WestRock for $420M

Chilean pulp and paper firm CMPC agreed to sell its corrugated cardboard business, including plants in Chile, to Smurfit WestRock for US$420 million. The deal marks a strategic divestiture for CMPC, likely to refocus on core pulp operations, while expanding Smurfit WestRock's footprint in South America. Financial details and regulatory approvals remain pending.