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