(UPM Raflatac, Helsinki, 7 August 2017 at 17:00 EET) - UPM Raflatac, one of the world's leading suppliers of self-adhesive label materials, has completed its acquisition of the assets of Irving, Texas-based Southwest Label Stock. Both parties have agreed not to disclose the purchase price or other transaction details.
This acquisition will allow UPM Raflatac to expand its reach in the Texas and the Southwestern U.S. label markets by being highly responsive and offering a wider range of its high-quality products with fast turnaround.
UPM Raflatac is also excited to announce a continuation and expansion of Southwest Label Stock's well-known small roll service. With this service, UPM Raflatac customers will be able to purchase single rolls of laminate trimless at 2,500 feet, shipped in boxes throughout North America.
"This acquisition will allow us to continue to build on the success we have had in this market since entering into partnership with Southwest Label Stock. We pride ourselves on offering the highest quality products on the market and best-in-class service to our customers and look forward to new growth opportunities," says Mark Pollard, Senior Vice President, Global Films SBU & Americas Region, UPM Raflatac.
"We are pleased to become part of the UPM Raflatac network. I strongly believe that by combining our knowledge and capabilities with UPM Raflatac's experience, we can provide even stronger benefits to our customers," says Dave Deibel, President, Southwest Label Stock.
For further information please contact:
Mark Pollard, Senior Vice President, Global Films SBU & Americas Region, UPM Raflatac
Senior Communications Specialist, UPM Raflatac
Mon-Fri 9.00-16.00 ET
tel. +1 828-275-7261
UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial labelling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at www.upmraflatac.com.
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com