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 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,” says Jouko Lähepelto, Senior Vice President, Americas & Asia Pacific, UPM Raflatac.The closing of the acquisition is subject to obtaining appropriate licences from local authorities.