Consumables
UPM Raflatac closes acquisition of labelstock coating operation in Brazil
Tuesday 10. May 2011 - UPM Raflatac has closed its acquisition of Gumtac, the Brazilian labelstock coating and slitting business of the BIC Group. The acquisition was announced in February 2011. Gumtac employs approximately 35 people in its operations in Rio de Janeiro.
“Combining Gumtacs well-managed operations with UPM Raflatacs high-quality brand recognition gives us an excellent platform to further grow our business with label printer partners in Brazil and throughout South America,” says Jouko Lähepelto, Senior Vice President, Americas & Asia Pacific.