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The acquisition is a result of UPM Raflatac's focus on growth in special labelstock products.
September 4, 2012
By: Greg Hrinya
UPM Raflatac has completed its acquisition of the labelstock business operations of Gascogne Laminates Switzerland of the Gascogne Group, which was announced on June 1 of this year. Gascogne Laminates Switzerland employs approximately 110 people in its operations in Martigny, Switzerland. “UPM Raflatac has focused in recent years on growth in special labelstock products. As a result of this transaction we will strengthen our position in this product area in Europe,” says Tapio Kolunsarka, senior vice president, Europe, Middle-East and Africa. UPM has started employee consultations in Martigny in order to adjust the cost structure and organization of the factory to a sustainable level.
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