# CMPC asset divestments in Chile

> Live situation record from CLSTR: https://clstr.news/situations/cmpc-asset-divestments-in-chile
> Updated: 2026-10-21T20:54:56.000Z. Sources: 6. Developments: 2.

CMPC has engaged in several significant asset sales in Chile to refocus its capital on core cellulose and large-scale paper operations.

In September 2026, the company reached an agreement to sell its corrugated packaging business to Smurfit Westrock for US$420 million. This transaction includes the transfer of subsidiaries Envases Impresos Cordillera and Chilena de Moldeados, various production assets, and a logistics network, affecting approximately 1,500 workers.

In October 2026, CMPC agreed to sell roughly 60,000 hectares of forest land in the Maule Region to J.P. Morgan Natural Capital for US$365.5 million. The sale, conducted through its subsidiary Forestal Mininco, involves pine radiata plantations. As part of the deal, CMPC entered into a long-term wood supply agreement with Bosques San Pedro SpA to ensure raw material availability for its cardboard plant in Maule.

## Timeline

### 2026-10-21: CMPC sells Maule forest assets to J.P. Morgan Natural Capital

CMPC is selling 60,000 hectares of forest land in Chile's Maule Region to J.P. Morgan Natural Capital for US$365.5 million.

3 sources. https://clstr.news/cluster/cmpc-sells-maule-forest-assets-to-jp-morgan-natural-capital

### 2026-09-23: CMPC to sell Chilean corrugated business to Smurfit Westrock for US$420 million

CMPC will sell its Chilean corrugated packaging business, including Envases Impresos Cordillera and Chimolsa, to Smurfit Westrock for US$420 million, pending regulatory approval.

3 sources. https://clstr.news/cluster/cmpc-to-sell-chilean-corrugated-business-to-smurfit-westrock-for-us420-million

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Cite as: CMPC asset divestments in Chile. CLSTR, https://clstr.news/situations/cmpc-asset-divestments-in-chile