New Manufacturing Leader Well-Placed For Growth

Brazil's Duratex agreed on June 22 to acquire Satipel Industrial in a deal which will create the largest manufacturer of industrialised wood panels in the southern hemisphere and one of the largest in the world. The all-share deal will see Duratex shareholders receive 3.05 Satipel shares for each common share held by the controlling shareholder and 2.54 Satipel shares for each common and preferred share held by other Duratex shareholders. The deal is valued at BRL1.95bn (US$987mn) based on both companies' June 19 closing price.

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