EU Commission clears UPM’s MACtac purchase
The European Union Commission has cleared UPM-Kymmene’s acquisition of MACtac, the pressure sensitive materials business from the US-based Bemis Company Inc. Approval by US competition authorities was expected by year-end.
In 2001, MACtac’s turnover was approximately $500 million. The company has five production facilities in the US, one in Belgium and a joint venture in Mexico. Raflatac produces self-adhesive label stock in nine countries worldwide and its turnover in 2001 was about $600 million.