UPM Raflatac to Acquire Gumtac Labelstock Operation
Helsinki, Finland, 22 February 2011 – 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, 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 2400 people and made sales of approximately EUR 1.1 billion (USD 1.5 billion) in 2010. Further information is available at www.upmraflatac.com.