UPM Raflatac confirms Gumtac acquisition in Brazil

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UPM Raflatac has closed its acquisition of Gumtac, the Brazilian labelstock coating and slitting business of the BIC Group. The acquisition was announced on 22 February 2011. Gumtac employs approximately 35 people in its operations in Rio de Janeiro.

‘Combining Gumtac’s well-managed operations with UPM Raflatac’s high-quality brand recognition gives us an excellent platform to further grow our business with label printer partners in Brazil and throughout South America,’ said Jouko Lähepelto, senior vice president, Americas and Asia Pacific.

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