UPM Raflatac, one of the world’s leading suppliers of self-adhesive labelstock, has signed a deal to acquire the business operations of Gascogne Laminates Switzerland.
The parties are not disclosing the purchase price. The deal is subject to regulatory approvals.
Gascogne Laminates Switzerland is the labelstock business of Gascogne Group, a major player in the French wood industry. Gascogne’s labelstock operations’ sales totaled 44 million euros in 2011. The company employs about 110 people in its factory in Martigny, Switzerland.
— UPM Raflatac in Europe has focused in the past years especially in growth in special labelstock products, says Tapio Kolunsarka, Senior Vice President, Europe, Middle-East and Africa.
— Gascogne Laminates has a strong and long-standing brand in this product area in Europe and through this acquisition we are proud to add those capabilities to our product platform.
— As a result of this transaction, customers will enjoy stronger speciality offering available through UPM Raflatac’s extensive distribution network.
UPM consists of three Business Groups: Energy and pulp, Paper, and Engineered materials. The group employs around 24,000 people and annual sales exceed ten billion euros.
UPM Raflatac, which is part of UPM’s Engineered Materials business group, employs 2,400 people and made sales of over 1.1 billion euros last year.