Masisa S.A. is listed in the Santiago Stock Exchange and is a leader in the production and distribution of wood panels in Latin America.
The industrial unit of Masisa in Argentina consists of an industrial complex located in Concordia and a distribution network of 54 Placacentro stores. With a lamination capacity of 274,000 m3/year the industrial unit reached sales of US$ 131 million in 2016.
As a result of its strategic plan to focus on the forestry business and in the higher value added distribution of wood panels in the Andean Region, Central and North America and other export markets, Masisa decided to start the sale process of its industrial assets in Argentina, Brazil and Mexico.
As part of this process, on September 29th 2017, Masisa closed the sale transaction of its industrial unit in Argentina to Egger Holzwerkstoffe GmbH.
Egger, an Austrian company, is one of the main players in the world in the wood panel industry. Mainly focused in the European markets, this acquisition is the first venture for the company into the Latin American market. The company has 18 production plants in Europe and 21 sales offices around the world and employees close to 9,000 around the globe. The company achieved revenues of EUR$2.4 billion and in fiscal year 2016/2017
INVERLINK, together with UBS Securities LLC, acted as financial advisors to Masisa in this transaction and continue to advise Masisa in the sale process of its industrial assets in Brazil and Mexico.
The transaction has an Enterprise Value of $155 million and EV/Revenue Multiple of 1.2x.
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.