• Establishes leading market position in Chile with a world-class, well-invested asset base
  • Further strengthens Smurfit Westrock’s integration and southern Latam operations
  • 1 recycled containerboard mill (with a network of fiber collection centers), 3 corrugated plants and 1 molded tray facility
  • Strong synergistic and operational benefits expected
  • Consideration of $420 million represents a post-synergy transaction multiple of less than 6 times Adjusted EBITDA
  • Significant step on the path to Smurfit Westrock Latam 2030 targets

Smurfit Westrock plc ("Smurfit Westrock" or the "Company") (NYSE:SW) is pleased to announce its agreement to acquire the Chilean Containerboard and Corrugated business of Empresas CMPC S.A. ("CMPC") for consideration of $420 million, which represents a post-synergy transaction multiple of less than 6 times Adjusted EBITDA.

We believe the business is highly complementary to our existing operations and provides an excellent platform from which to continue growing alongside our customers in Latin America.

These assets are strategically located close to the country’s key fishery and agricultural regions, complementing our existing corrugated business and represent, for Smurfit Westrock, the opportunity to acquire one of the leading positions in containerboard and corrugated in Chile. The well-invested paper machine, located in Santiago, produces approximately 250,000 tons per year and will strengthen our regional paper system. It will allow us to integrate recycled paper into our operations in Argentina, Peru, and Ecuador, while also enabling us to route kraftliner from Brazil and North America into the acquired corrugated assets in Chile.

The Company intends to fund the transaction using its own liquid resources. Completion is expected during the first half of 2027, subject to customary closing conditions, including regulatory approvals.