Copamex SA, a privately held Mexican paper company, bought a majority stake in Industrial Unidas de Centroamerica SA, a Nicaraguan tissue paper producer, reported Bloomberg.
Copamex purchased 70 percent of Industrial Unidas. The investment is part of its strategy to expand in Central and South America, the company said in a statement to the Mexican stock exchange. No other details were provided.
Copamex negotiated an agreement earlier this week to gain control of the Venezuelan paper maker Venepal SA
Explore the April 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- ReMA board to consider changes to residential dual-, single-stream MRF specifications
- Trump’s ‘liberation day’ results in retaliatory tariffs
- Commentary: Waste, CPG industries must lean into data to make sustainable packaging a reality
- DPI acquires Concept Plastics Co.
- Stadler develops second Republic Services Polymer Center
- Japanese scrap can feed its EAF sector, study finds
- IRG cancels plans for Pennsylvania PRF
- WIH Resource Group celebrates 20th anniversary
