Afor Tape GmbH agreed to acquire Rudaco S.A., TC Rey SA and Ivirareta S.A from Celulosa Argentina S.A. (BASE:CELU) for approximately $18 million on April 8, 2020. Gustavo Garrido, Raúl Granillo Ocampo, María Marta Cancio and Patricia Maccaferri of Estudio Garrido Abogados acted as legal advisor to Celulosa Argentina S.A. Martín Bourel, Juan Novillo Astrada, Matías Guarda and Manuel Novaro Hueyo of Bourel & Paris Laplace acted as legal advisor to HS Timber Group. Afor Tape GmbH completed the acquisition of Rudaco S.A., TC Rey SA and Ivirareta S.A from Celulosa Argentina S.A. (BASE:CELU) on June 4, 2021.