Finland-based self-adhesive label materials producer UPM Raflatac has purchased the assets of Texas-based paper and forest products company Southwest Label Stock for an undisclosed amount.
The acquisition will enable UPM Raflatac to extend its footprint in the label markets of Texas and the Southwestern US.
UPM Raflatac will also expand the small roll service of Southwest Label Stock, which will enable its customers across North America to buy single rolls of laminate trimless at 2500ft, that are shipped in boxes.
UPM Raflatac Global Films SBU & Americas region senior vice president Mark Pollard said: "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 offer the highest quality products on the market and best-in-class service to our customers and look forward to new growth opportunities.”
Southwest Label Stock president Dave Deibel said: “By combining our knowledge and capabilities with UPM Raflatac's experience, we can provide even stronger benefits to our customers.”
Founded in 1975 and having a workforce of over 5000 people, UPM Raflatac manufactures and distributes paper and film label stock for consumer product and industrial labeling applications.
In June 2017, UPM Raflatac launched two new peel and reseal label materials to expand its food labeling product range. The firm had also introduced two new lightweight solutions for wash-off logistics labeling applications.
The company also expanded its semi gloss paper product portfolio by unveiling the new 60# Raflacoat Premium range in the Americas.
