UPM Raflatac to Acquire Labelstock Coating Business in Brazil
Feb. 22, 2011 - UPM Raflatac said that it 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 has in recent years developed a widely recognized brand in Brazil. Through our distribution terminal in Jaguariuna, Sao Paulo, we have served key customers in this rapidly growing market. Gumtac’s well-managed operation will give us an excellent platform to extend our product offering and further support our customers’ growth in the region,” said Jouko Lähepelto, senior vice president, Americas & Asia Pacific.
The deal is subject to obtaining appropriate licences from local authorities, UPM Raflatac said.
UPM Raflatac, part of UPM’s Engineered Materials business group, is one of the world’s leading suppliers of self-adhesive label materials.
SOURCE: UPM Raflatac