UPM Raflatac to Acquire Gascogne Laminates
UPM Raflatac, a global supplier of self-adhesive labelstock, has agreed to acquire the business operations of Gascogne Laminates Switzerland SA. Gascogne Laminates Switzerland is the labelstock business of Gascogne Group; the company employs approximately 110 persons in its factory in Martigny, Switzerland.
“UPM Raflatac in Europe has focused in the past years especially in growth in special labelstock products. 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,” says Tapio Kolunsarka, Senior Vice President, Europe, Middle-East and Africa, in a press release.
“We are pleased to reach an agreement with UPM Raflatac, which is one of the leading and most respected players in the labelstock market. We strongly believe that the combination of UPM Raflatac and Gascogne’s labelstock operations will result in strong benefits for all stakeholders. I take this opportunity to thank the Gascogne Laminates Switzerland teams for their professionalism and loofessionalism and loyal support over the years," adds Frédéric Doulcet, CEO of the Gascogne Group, in the press release.
UPM Raflatac has 13 factories on six continents and a broad network of sales offices and slitting and distribution terminals worldwide. More information is available at www.upmraflatac.com.