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UPM Raflatac acquires Gascogne's labelstock operations

September 4, 2012

The acquisition is a result of UPM Raflatac's focus on growth in special labelstock products.

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.