Dear customer:

Sonae Indústria, SGPS, S.A. (“Sonae Indústria”), the owner of Tafisa Canada, announces that it has entered into a strategic partnership agreement, with Inversiones Arauco Internacional, Limitada, a company belonging to Arauco Group (“Arauco”). This agreement envisages a 50/50 partnership involving the existing European and South African wood based panels and related operations of Sonae Indústria, namely all its production facilities of wood based panels, chemicals and paper impregnation. This partnership excludes Sonae Indústria’s operations in North America (Tafisa Canada) and the Laminates and Components business, together with real estate assets of inactive sites, which will continue to be fully owned by Sonae Indústria. (to continue reading, click here)