May 10, 2011. /Lesprom Network/. UPM Raflatac has closed its acquisition of Gumtac, the Brazilian labelstock coating and slitting business of the BIC Group. Gumtac employs approximately 35 people in its operations in Rio de Janeiro, as the company said in a press release received by Lesprom Network. “Combining Gumtac’s well-managed operations with UPM Raflatac’s high-quality brand recognition gives us an excellent platform to further grow our business with label printer partners in Brazil and throughout South America,” says Jouko Lähepelto, Senior Vice President, Americas & Asia Pacific. 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 12 factories on five continents and a broad network of sales offices and slitting and distribution terminals worldwide.