UPM Raflatac has signed an agreement to acquire AMC AG (Advanced Methods of Coating), a Germany-based company.
Both parties have agreed not to disclose the purchase price or other transaction details, and the transaction is expected to be closed latest in Q3, 2022. The closing of the acquisition is subject to regulatory approvals.
AMC AG, founded in 1996 with roots going back to 1959, is a private company with long-term private owners. The company 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 EUR 110 million. UPM Raflatac expects to accelerate AMC’s growth and realize significant synergies.