UPM Raflatac has signed an agreement to acquire AMC AG (Advanced Methods of Coating), a Germany-based company. This acquisition accelerates growth and expands the product offering of UPM Raflatac. Both parties have agreed not to disclose the purchase price or other transaction details. The transaction is expected to be closed latest in 3Q 2022. The closing of the acquisition is subject to regulatory approvals.
With this acquisition, UPM continues in its strategic path, adding to the organic growth in the attractive specialty packaging material value chain and strengthens the company’s transformation and long-term value creation in one of its three spearheads of growth.
AMC AG has two production sites Kaltenkirchen and Hagenow in Northern Germany. AMC’s business includes coating of pressure sensitive filmic labelstock and Viscom/Graphics materials under the Intercoat brand, and removable self-adhesive stationary products under the brand names Global Notes and Print Inform. The company employs more than 300 people and the latest financial year sales of AMC AG was Euro 110 million. UPM Raflatac expects to accelerate AMC’s growth and realize significant synergies.
“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,” says Antti Jääskeläinen, Executive Vice President, UPM Raflatac.
