(UPM, Helsinki, 3 September 2012 at 15:00 EET) – UPM Raflatac has completed its acquisition of the labelstock business operations of Gascogne Laminates Switzerland of the Gascogne Group. The acquisition was announced on 1 June 2012. Gascogne Laminates Switzerland employs approximately 110 people in its operations in 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,” says Tapio Kolunsarka, Senior Vice President, Europe, Middle-East and Africa.
UPM has today started employee consultations in Martigny in order to adjust the cost structure and organization of the factory to a sustainable level.
For further information please contact:
Mr Tapio Kolunsarka, Senior Vice President, UPM Raflatac Europe, Middle-East & Africa,
tel. +358 40 5500 953 (from 18:00 EET onwards)
Mr Bertrand Cossé, General Manager, UPM Raflatac Martigny,
tel. +358 40 167 9097 (local media inquiries 16:00 EET onwards)
This press release will be available in other languages under ‘News & Publications’ on our website: www.upmraflatac.com.
Notes to editors
, part of UPM’s Engineered Materials business group, is one of the world’s leading suppliers of self-adhesive label materials. UPM Raflatac has a global service network consisting of 14 factories on six continents and a broad network of sales offices and slitting and distribution terminals worldwide. UPM Raflatac employs 2,400 people and made sales of over EUR 1.1 billion (USD 1.6 billion) in 2011. Further information is available at www.upmraflatac.com.
UPM Media Desk, puh. 040 588 3284