UPM Raflatac has completed the acquisition of German company AMC (Advanced Methods of Coating).
The deal, which was announced in May, closed last Thursday (September 15), after regulatory clearances.
AMC employs more than 300 people and has two production sites, in Kaltenkirchen and Hagenow.
UPM Raflatac said it expects to realize “significant synergies” from the acquisition, and the deal will accelerate its growth and broaden its product portfolio.
UPM’s new product areas will include Viscom/Graphics materials, which are currently sold under the Intercoat brand, and removable self-adhesive products under the Global Notes and Print Inform brands.
The agreement will also strengthen UPM Raflatac’s position in Central Europe.
“We are delighted that the transaction has now closed and we can begin to grow together in the attractive value chain of specialty packaging and offer an even stronger product portfolio to our customers,” said Antti Jääskeläinen, Executive Vice President of UPM Raflatac.
Part of UPM, the business employs around 3,000 people and recorded sales of €1.7bn (£1.49bn) in 2021. It offers high quality paper and film labels quality for branding and promotion, information labels and labels with functionality.
UPM Raflatac participated in the long strike at UPM’s Finnish factories earlier this year. Launched on January 1, it was finally resolved more than 100 days later on April 22.