Sep 03, 2012. /Lesprom Network/. Raflatac has completed its acquisition of the labelstock business operations of Gascogne Laminates Switzerland of the Gascogne Group. The acquisition was announced on 1 June 2012. Gascogne Laminates Switzerland employs approximately 110 people in its operations in Martigny, Switzerland, as the company said in a press release received by Lesprom Network. “UPM Raflatac has focused in recent years on growth in special labelstock products. As a result of this transaction we will strengthen our position in this product area in Europe,” says Tapio Kolunsarka, Senior Vice President, Europe, Middle-East and Africa. UPM has today started employee consultations in Martigny in order to adjust the cost structure and organization of the factory to a sustainable level. UPM Raflatac, part of UPM’s Engineered Materials business group, is one of the world’s leading suppliers of self-adhesive label materials. UPM Raflatac has a global service network consisting of 14 factories on six continents and a broad network of sales offices and slitting and distribution terminals worldwide.