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UPM Raflatac Finalizes Acquisition of Selected Assets of Labelcote

Published on 2016-07-21. Author : SpecialChem

UPM Raflatac, Tampere -- UPM Raflatac has completed its acquisition of selected assets of the South African label stock distributor Labelcote, part of TIGER Packaging. The parties have agreed not to disclose the purchase price. The closing of the acquisition has been subject to South African regulatory approvals which were obtained on July 12, 2016.

UPM Raflatac

UPM Raflatac will continue to operate the formerly Labelcote-owned slitting and distribution terminal in Johannesburg. The terminal will continue to operate with outsourced labor.

TIGER Packaging, known by its trading name Labelcote is a well-established South African business specializing in the slitting and distribution of pressure sensitive label stock and tag materials. Labelcote has been trading in the South African market for over 20 years, originally as a partner for UPM Raflatac. Labelcote sells materials throughout South Africa with physical presence in the Durban, Johannesburg and Cape Town markets.

“UPM Raflatac has in the recent years successfully grown with our label stock customers in Sub-Saharan Africa and South Africa. With this transaction, we further improve our service capability and can offer the full range of UPM Raflatac standard and specials products to even more customers in South Africa,” says Lee Unsworth, Area Sales Director, UPM Raflatac.

In addition to the new Johannesburg terminal, UPM Raflatac currently has sales and terminal operations in Pinetown (Durban area) and Cape Town in South Africa.

About UPM Raflatac

UPM Raflatac is a leading global supplier of pressure sensitive labeling solutions. Its films and papers are used for product and information labeling across a wide range of end-uses – from pharmaceuticals and security to food and beverage applications.

UPM Raflatac paper and film laminates are delivered in rolls and sheets. UPM Raflatac's customers include large and small label printers who focus on roll-to-roll printing, and packaging providers. UPM Raflatac also provides sheet products for offset and screen printers in the graphics industry, which are distributed by paper merchants in Europe.

Source: UPM Raflatac

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