Francisco Ruiz-Tagle on the Powell Valley purchase agreement: “This is a milestone. CMPC is interested in looking at the United States for other types of operations in the future.”
The Chilean company signed a purchase agreement for Powell Valley, a company that has two production plants in the United States. It is in the business of the remanufactured wood products.
With two plants located in Clay City and Jeffersonville in the state of Kentucky, Powell Valley used to be owned by the American Thornberry family. This new acquisition means that now CMPC is now established in its ninth country in terms of direct manufacturing, as DF MÁS pointed out in a piece published on Sunday.
“This is a milestone. We should look at this as a step forward. CMPC is interested in looking at the United States for other types of operations in the future,” said CMPC CEO Francisco Ruiz-Tagle. He added that “it is a very advanced market in terms of tall construction in wood. This is a first step toward our strategy and future vision for wood construction, which in the US is already a reality.
Check out the full article published by DF MÁS: