UPM Raflatac to acquire labelstock coating operation in Brazil

Tampere, 2011-02-22 07:00 CET (GLOBE NEWSWIRE) -- UPM Raflatac, one of the world’s leading suppliers of self-adhesive labelstock, will acquire Gumtac, the Brazilian labelstock coating and slitting business of BIC Group. Gumtac is located in Rio de Janeiro and employs approximately 35 people.

“UPM Raflatac has in recent years developed a widely recognized brand in Brazil. Through our distribution terminal in Jaguariúna, São Paulo, we have served key customers in this rapidly growing market. Gumtac’s well-managed operation will give us an excellent platform to extend our product offering and further support our customers’ growth in the region,” says Jouko Lähepelto, Senior Vice President, Americas & Asia Pacific.

The closing of the acquisition is subject to obtaining appropriate licences from local authorities.

For further information please contact:
Mr Jussi Vanhanen, President, UPM Raflatac, tel. +358 40 567 2458
Mr Jouko Lähepelto, Senior Vice President, UPM Raflatac Americas & Asia Pacific, tel. +1 828 275 0243, (after 15:00 EET)
Mr Maurício Médici, General Manager, UPM Raflatac Brazil, tel. +55 11 8713 0513

About UPM Raflatac
UPM Raflatac, 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 11 factories on five continents and a broad network of sales offices and slitting and distribution terminals worldwide. UPM Raflatac employs 2,400 people and made sales of approximately EUR 1.1 billion (USD 1.5 billion) in 2010. Further information is available at www.upmraflatac.com.