UPM Raflatac, one of the world’s leading suppliers of self-adhesive label materials, completed its acquisition of the assets of Southwest Label Stock, located in Irving, Texas, USA. The parties agreed not to disclose the purchase price or other transaction details.
According to the announcement, the acquisition is expected to allow UPM Raflatac to expand its reach in the Texas and the Southwestern US label markets by being highly responsive and offering a wider range of its high-quality products with fast turnaround.
Mark Pollard, Senior Vice President, Global Films SBU & Americas Region, UPM Raflatac, commented:
“This acquisition will allow us to continue to build on the success we have had in this market since entering into partnership with Southwest Label Stock. We pride ourselves on offering the highest quality products on the market and best-in-class service to our customers and look forward to new growth opportunities.”
UPM Raflatac is one of the leading producers of self-adhesive label materials. It supplies high-quality paper and film label stock for consumer product and industrial labelling through a global network of factories, distribution terminals and sales offices employing around 2,800 people. The company made around USD 1.6 billion (EUR 1.4 billion) sales in 2015.
Earlier UPM Raflatac appointed a new VP APAC.
The company is largely focused on fibre- and biomass-based businesses, recyclable raw materials and products. UPM integrates bio and forest industries and operates across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA (Europe and North America) and UPM Plywood.