UPM Raflatac Acquires Gascogne Labelstock Operations
 Print this article | Send to Colleague
UPM Raflatac, Finland, will acquire the business operations of Gascogne Laminates Switzerland SA. The parties have agreed not to disclose the purchase price. The closing of the acquisition is subject to regulatory approvals.
Gascogne Laminates Switzerland is the labelstock business of Gascogne Group, a major player in the French wood industry. Gascogne's labelstock operations' sales totaled EUR 44 million in 2011. The company employs approximately 110 people in its factory in Martigny, Switzerland.
"UPM Raflatac in Europe has focused in the past years especially in growth in special labelstock products. Gascogne Laminates has a strong and long-standing brand in this product area in Europe and through this acquisition we are proud to add those capabilities to our product platform. As a result of this transaction, customers will enjoy stronger specialty offering available through UPM Raflatac's extensive distribution network," says Tapio Kolunsarka, SVP, Europe, Middle-East and Africa.
UPM Raflatac, part of UPM's Engineered Materials business group, is a major global supplier of self-adhesive label materials.
|
|
