Empresas CMPC S A : Material Fact - Grupo P.I Mabe Acquisition
May 03, 2023 at 05:01 am IST
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Santiago, May 2, 2023
Messrs.
Financial Market Commission
BY MESSENGER
MATERIAL DISCLOSURE
Empresas CMPC S.A.
Dear Financial Market Commission:
Pursuant to Articles 9 and 10 third subparagraph in Law 18.045 of the Securities Market Law and to General Rule 30 of the Financial Market Commission, please be advised that under due authority, I hereby notify you that today, the subsidiary Softys S.A signed the "Closing Memorandum", through which it took control of Mexican business Productos Internacionales Mabe, S.A. de C.V., as previously informed to the market by material disclosed dated July 29, 2022. The takeover took place according to the terms and conditions set forth in the above material disclosure priorly mentioned.
Alongside the acquisition, the Softys subsidiary will reach approximately 30% market shares within the baby diapers segment in Mexico, which is expected to generate a positive effect in the Company's financial statements, however it is not possible to quantify the impact at this moment.
Sincerely yours,
Francisco Ruiz-Tagle Edwards
Chief Executive Officer
EMPRESAS CMPC S.A.
c.c.: Santiago Stock Exchange Electronic Exchange of Chile Risk Rating Commission
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Empresas CMPC SA published this content on 02 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2023 23:30:04 UTC.
Empresas CMPC SA is a Chile-based company primarily engaged in the paper products industry. The Companyâs activities are divided into five business segments: Forestry, which includes products that are logs for the manufacturing of cellulose pulp and solid lumber products, such as sawn lumber, remanufactured products and plywood boards; Pulp, which provides pulp manufactured in production lines in Chile and Brazil; Paper, which focuses on the production and marketing of cardboard, paper for corrugation , industrial-use paper and newsprint; Tissue, which is responsible for producing and selling tissue, sanitary and specialized hygienic products, such as toilet paper, napkins, baby diapers and facial tissues, and Other, which includes general administrative services. The Company operates in Argentina, Colombia, Mexico, Peru and Ecuador, among others. It controls a number of subsidiaries, such as CMPC Celulosa SA, Cartulinas CMPC SA, Chimolsa SA La Papelera del Plata SA.