(UPM Raflatac, Helsinki, 15 September 2022 at 14:00 EEST) - UPM Raflatac has completed the acquisition of AMC AG (Advanced Methods of Coating). The acquisition announced in May 2022 was closed on 15 September 2022 after regulatory clearances. AMC AG employs more than 300 people and has two production sites in Northern Germany, in Kaltenkirchen and in Hagenow. UPM Raflatac expects to realize significant synergies through the acquisition.
By joining forces with AMC AG UPM Raflatac will accelerate its growth and expand its product portfolio. New product areas include Viscom/Graphics materials which are currently sold under the Intercoat brand, and removable self-adhesive stationary products under the brand names Global Notes and Print Inform. Furthermore, the transaction will strengthen UPM Raflatac's position in Central Europe.
"We are pleased that the transaction has now been closed and we can start growing together in the attractive specialty packaging value chain and offer an even stronger product portfolio to our customers," says Antti Jääskeläinen, Executive Vice President, UPM Raflatac.
With this acquisition, UPM continues in its strategic path strengthening the company's transformation and long-term value creation in one of its three spearheads of growth.
For further information please contact:
Antti Jääskeläinen, Executive Vice President, UPM Raflatac, Media contacts coordinated by UPM Media Relations, tel. +358 40 588 3284
Timo Kekki, Senior Vice President, UPM Raflatac Films and Specials SBU, Media contacts coordinated by UPM Media Relations, tel. +358 40 588 3284
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UPM, Media Relations
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UPM Raflatac
UPM Raflatac is leading in sustainable labeling through our innovative self-adhesive label materials and services. We offer high-quality paper and film label stock for branding and promotion, informational labels, and labels with functionality. We operate a global network of factories, distribution terminals and sales offices. Our company employs around 3,000 people and made sales of EUR 1.7 billion.
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UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,000 people worldwide and our annual sales are approximately EUR 9.8 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore - Beyond fossils. www.upm.com
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