UPM Raflatac Acquires UK-based Graphics Solutions Provider Metamark for GBP 146 Million
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UPM Raflatac announced that it has acquired Metamark, a manufacturer and distributor of graphics solutions based in the UK.
The enterprise value of the transaction is GBP 146 million (approx. EUR 175 million).
According to UPM Raflatac, the acquisition of Metamark will strengthen UPM Raflatac's overall competitiveness, bring major synergies and further UPM Raflatac as significant player in the fast-growing, high value-added Graphics segment.
"We've made a strategic decision to pursue global growth in Graphics both organically and through mergers and acquisitions," explained Tim Kirchen, Executive Vice President, UPM Raflatac. "This acquisition marks an important milestone in our transformation journey accelerating our growth, enabling us to grow our scale and become a complete product and service provider in this attractive business. The combination of Metamark's broad product portfolio with our existing sales and distribution network allows us to grow also outside of Europe.
Established in 1992, Metamark's product portfolio consists of high-quality self-adhesive color films, print films for large format color printing, laminates and wrapping films for various end-uses. The company employs approximately 185 people and has a manufacturing site in Lancaster, UK.
Metamark's sales are approximately GBP 65 million and it has an EBITDA margin accretive to UPM Raflatac.
