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
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
