UPM's sale of Loparex Group, a business unit in UPM's converting division, to Mountaintop Investments B.V. was completed on August 31, 2005 and the business has been transferred to the new owner. The buyer is a capital investment company belonging to ABN AMRO Capital Group. The deal was published on June 21, 2005.
Loparex is the world's leading producer of siliconized release materials for hygiene products, labels and industrial applications. The production plants are located in Finland, Great Britain, the Netherlands, the United States and China and a joint venture in India. The turnover of Loparex Group amounted to EUR 337 million in 2004 and it employs some 1,350 people.
For further information, please contact:
Mr Matti Lindahl, President, Special Coatings Business, UPM
tel. +49 171 6127 688
September 1, 2005