UPM Raflatac Completes Acquisition of Gascogne Labelstock Operations

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UPM Raflatac, Finland, this week completed its acquisition of the labelstock business operations of Gascogne Laminates Switzerland of the Gascogne Group. Gascogne Laminates Switzerland employs approximately 110 people in its operations at Martigny, Switzerland.

"UPM Raflatac has focused in recent years on growth in special labelstock products. As a result of this transaction, we will strengthen our position in this product area in Europe," saidTapio Kolunsarka, SVP, Europe, Middle-East, and Africa.

UPM has already started employee consultations in Martigny to adjust the cost structure and organization of the factory to a sustainable level.