Smurfit Westrock buys CMPC's Chilean paper unit for $420M

Smurfit Westrock acquired CMPC's Chilean paper and corrugated business for US$420 million, implying a post-synergy multiple of under 6x adjusted EBITDA. The deal consolidates Smurfit Westrock's position in the Latin American packaging market. Financial terms and regulatory approvals are not detailed; the strategic rationale is to expand in the region.