UPM Raflatac To Acquire Labelstock Coating Operation in Brazil
TAMPERE, Finland—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 has in recent years developed a widely recognized brand in Brazil. Through its distribution terminal in Jaguariúna, São Paulo, it has have served key customers in the rapidly growing market in Brazil.
"UPM Raflatac has in recent years developed a widely recognized brand in Brazil," says Jouko Lähepelto, senior vice president, Americas & Asia Pacific. "Through our distribution terminal in Jaguariúna, São 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."
The closing of the acquisition is subject to obtaining appropriate licences from local authorities.