UPM Raflatac Enters Agreement to Acquire AMC in Germany
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UPM Raflatac has signed an agreement to acquire AMC AG (Advanced Methods of Coating), a Germany-based company. This acquisition accelerates growth and expands the product offering of UPM Raflatac.
Both parties have agreed not to disclose the purchase price or other transaction details.
AMC, founded in 1996 with roots going back to 1959 is a private company with long-term private owners. The company has two production sites Kaltenkirchen and Hagenow in Northern Germany. AMC's business includes coating of pressure sensitive filmic labelstock and Viscom/Graphics materials under the Intercoat brand, and removable self-adhesive stationary products under the brand names Global Notes and Print Inform.
AMC employs more than 300 people and the latest financial year sales of AMC was EUR 110 million.
UPM Raflatac expects to accelerate AMC's growth and realize significant synergies.
"The acquisition will strengthen our position in Central Europe and expand our offering to new self-adhesive product lines," said Antti Jääskeläinen, Executive Vice President, UPM Raflatac. AMC's capabilities and business portfolio are an excellent fit for us. The combination with UPM Raflatac's efficient supply chain and sales and distribution network will enable further growth. We look forward to offering a stronger product portfolio to our current and new customers."
UPM Raflatac expects to close the deal, which is subject to regulatory approvals, in the third quarter of 2022.
