Gumtac, the Brazilian labelstock coating and slitting business of the BIC Group, is to be acquired by UPM Raflatac for an undisclosed amount. Gumtac is located in Rio de Janeiro and employs approximately 35 people.
“UPM Raflatac has in recent years developed a widely recognized brand in Brazil,” says Jouko Lähepelto, Senior Vice President, Americas & Asia Pacific. “Through our distribution terminal in São Paulo, we have served key customers in this rapidly growing market. Gumtac’s well-managed operation will give us an excellent platform to extend our product offering and further support our customers’ growth in the region.”
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