UPM Raflatac closes acquisition of labelstock coating operation in Brazil
UPM Raflatac has closed its acquisition of Gumtac, the Brazilian labelstock coating and slitting business of the BIC Group. The acquisition was announced on 22 February 2011. Gumtac employs approximately 35 people in its operations in Rio de Janeiro.
“Combining Gumtac’s well-managed operations with UPM Raflatac’s high-quality brand recognition gives us an excellent platform to further grow our business with label printer partners in Brazil and throughout South America,” says Jouko Lähepelto, Senior Vice President, Americas & Asia Pacific.
For further information please contact:
Mr Jussi Vanhanen, President, UPM Raflatac, tel. +358 40 567 2458 Mr Jouko Lähepelto, Senior Vice President, UPM Raflatac Americas & Asia Pacific, tel. +1 828 275 0243 Mr Maurício Médici, General Manager, UPM Raflatac Brazil, tel. +55 11 8713
This press release will be available in other languages under ‘News & Publications’ on our website: www.upmraflatac.com .
About UPM Raflatac
UPM Raflatac, part of UPM’s Engineered Materials business group, is one of the world’s leading suppliers of self-adhesive label materials. UPM Raflatac has a global service network consisting of 12 factories on five continents and a broad network of sales offices and slitting and distribution terminals worldwide. UPM Raflatac employs 2,400 people and made sales of approximately EUR 1.1 billion (USD 1.5 billion) in 2010.
Further information is available at www.upmraflatac.com .