EU Commission clears the UPM-Kymmene acquisition of Mactac

Archive 17.10.2002 0:00 EEST

EU Commission has cleared UPM-Kymmene's acquisition of MACtac, the pressure sensitive materials business from the US based Bemis Company Inc. The transaction is still pending approval by the US competition authorities. The transaction is expected to close by year-end.

In 2001, MACtac's turnover was approx. USD 500 million and it has five production facilites in the US, one in Belgium and a joint venture in Mexico. Raflatac produces self-adhesive labelstock in nine countries worldwide and its turnover in 2001 was approx. USD 600 million.

For more information please contact:
Mr Pentti Kallio, President, Raflatac Group, tel. +358 204 15 0015

UPM-Kymmene Corporation
Corporate Communications
17 October, 2002