The acquisition aligns with the strategic path of UPM, bolstering the company's transformation and long-term value generation in one of its three spearheads of growth and contributing to organic development in the speciality packaging material supply chain
UPM Raflatac to acquire Germany-based firm AMC. (Credit: UPM)
Labelling solutions provider UPM Raflatac has signed an agreement to acquire Germany-based firm AMC (Advanced Methods of Coating) for an undisclosed sum.
AMC is a private firm created in 1996 with roots dating back to 1959 and has two production sites in Northern Germany: Kaltenkirchen and Hagenow.
AMC’s business includes coating of pressure-sensitive filmic labelstock and Viscom/Graphics materials under the Intercoat brand, as well as removable self-adhesive stationery products under the Global Notes and Print Inform brands.
With around 300 employees, the company reported revenue of €110m in the latest financial year.
The deal will boost UPM Raflatac’s expansion in label material and new product portfolio.
The acquisition aligns with the strategic path of UPM, bolstering the company’s transformation and long-term value generation in one of its three spearheads of growth and contributing to organic development in the speciality packaging material supply chain.
The transaction is expected to complete by the third quarter of 2022, subject to regulatory approvals.
UPM Raflatac anticipates AMC’s growth to be accelerated and significant synergies to be realised.
UPM Raflatac executive vice president Antti Jääskeläinen said: “The acquisition will strengthen our position in Central Europe and expand our offering to new self-adhesive product lines.
“AMC’s capabilities and business portfolio are an excellent fit for us. The combination with UPM Raflatac’s efficient supply chain and sales and distribution network will enable further growth.
“We look forward to offering a stronger product portfolio to our current and new customers.”
AMC shareholders and board members Wolfgang Leichner and Thomas Schwerdtfeger said: “We are pleased to see AMC continuing to grow within UPM Raflatac family.
“We strongly believe that by combining our knowledge and capabilities with UPM Raflatac’s experience, we can provide even stronger benefits to our customers and a successful future for our employees.”
UPM Raflatac offers paper and film label stock for branding and promotion, informational labels, and labels with functionality.