Arauco Unit Buys Brazil Wood Company

Placas do Parana, the Brazilian unit of Chile’s Celulosa Arauco, has acquired all the shares of wood products manufacturer Tafisa Brasil, a Sonae Industria subsidiary, for about $227m. Of the total paid, Arauco says, $165m in cash was used to pay for the target’s shares, while the remainder represents the debt the buyer has assumed. The deal was privately negotiated.