UPM-Kymmene's sale of Walki Films concluded

The deal between UPM-Kymmene Corporation and Bemis Company, Inc., published on 21 August, 2002, whereby UPM-Kymmene will sell its business unit Walki Films, is now concluded and the business has been transferred to the new owner.

Walki Films manufactures vacuum and modified atmosphere plastic films for the food industry. Walki Films' turnover in 2001 was EUR 123 million and it employs 500 people. The production plants are located in Finland and France.


UPM-Kymmene Corporation
Corporate Communications
2 October, 2002