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Article | January 31, 2006
Raflatac and UPM Rafsec merge to form UPM Raflatac
Raflatac and UPM Rafsec, members of UPM Labelstock Business, have merged toform a new business entity, UPM Raflatac.
The new name expresses the importance of labelstock business for UPM. In addition UPM Raflatac will adopt UPM's visual identity. Following the merger UPM Raflatac’s product and service offering comprises both pressure-sensitive labelstock and RFID tags and inlays.
“This change reflects UPM’s strong commitment to the labelstock and RFID
business areas" says Heikki Pikkarainen president of UPM Raflatac. "Raflatac is already a major global player and bringing in new-generation RFID products under the same umbrella further strengthens the prospects for growth."
UPM Raflatac has around 2 employees and an annual turnover of approximately EUR $850 million. The company has a global service network consisting of 11 factories on five continents and a network of terminals and sales offices worldwide.
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