According to an article in El Mercurio newspaper, CMPC, a Chilean company that has been involved in commercial activities in the United States for approximately 35 years, recently made a significant move in expanding its industrial operations by acquiring Powell Valley.
Powell Valley, a company specializing in remanufactured wood products, operates two factories in Kentucky.
The acquisition agreement was signed by CMPC Chairman Luis Felipe Gazitúa and CEO Francisco Ruiz-Tagle. Gazitúa emphasized the importance of this step in CMPC's history, stating that while their products have been sold in the United States for many years, this acquisition allows them to establish production capabilities in the country with the expertise of Powell Valley.
Ruiz-Tagle expressed optimism about the opportunities for growth in the United States, particularly in the strategic sector of wood construction products. He noted that the United States has a long history of utilizing wood in construction, including tall structures, and CMPC can learn from their experience.
CMPC is a global company with more than 100 years of history that provides sustainable solutions to its customers and consumers. Its activity is production and marketing of wood, cellulose, packaging products, sanitary products, non-home products and tissue paper.