UPM Raflatac completes acquisition of labelstock operations in Switzerland
Sept 4 2012 UPM Raflatac has completed its acquisition of the labelstock business of Gascogne Laminates Switzerland of the Gascogne Group.
The acquisition was announced on 1 June. 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.
