Brazil: E2E, a Chile-based joint venture founded by Etex and Arauco, a diversified global company active in the forestry industry, has signed a share purchase agreement to acquire a majority stake in Tecverde Engenharia, a Brazilian building company specialised in wood-frame construction systems. The completion of the deal is subject to the approval of the Brazilian Competition Authority (CADE) and other customary conditions. No value for the transaction has been disclosed.
Tecverde uses a wood-frame construction systems that allows for nearly a full building to be fabricated in a climate-controlled factory and completed with the installation of wall panels during final assembly at the construction site. E2E combines Etex’s experience in plasterboard and fibre cement technology with Arauco’s knowledge of sustainable forest product solutions. The joint venture develops and manufactures complete construction solutions composed of panels, wooden interior structures and external boards.
