Finland-based self-adhesive label materials supplier UPM Raflatac has acquired the assets of US firm Southwest Label Stock for an undisclosed amount.
Both parties have agreed not to divulge financial details of the transaction.
UPM Raflatac Global Films SBU and Americas Region senior vice-president Mark Pollard said: “This acquisition will allow us to continue to build on the success we have had in this market since entering into partnership with Southwest Label Stock.
“We pride ourselves on offering the highest quality products on the market and best-in-class service to our customers and look forward to new growth opportunities.
The acquisition is expected to enable UPM Raflatac to strengthen its presence in the US, as well as extend its reach in Texas and the south-western part of the country offering a wider range of its products.
UPM Raflatac has also announced the expansion of Southwest Label Stock's small roll service that will enable all its customers to buy single rolls of laminate trimless at 2,500ft that will be shipped in boxes throughout North America.
Southwest Label Stock president Dave Deibel said: “We are pleased to become part of the UPM Raflatac network.
“I strongly believe that by combining our knowledge and capabilities with UPM Raflatac's experience, we can provide even stronger benefits to our customers.”
UPM Raflatac specialises in supplying pressure-sensitive labelling solutions for a variety of industries, including pharmaceuticals, food and beverage markets.
Employing more than 3,000 people, the company manages ten factories along with a wide network of sales offices and distribution terminals worldwide.