Metamark has been take over by company UPM Raflatac in a buyout worth £146 million.
The acquisition came with the global supplier of labels and other promotional materials looking to further accelerate its growth in the graphics industry.
Metamark was selected as its product portfolio, consisting of self-adhesive colour films, laminates and wrapping films, complemented UPM’s existing graphics business.
Tim Kirchen, executive vice president at UPM Raflatac said: “This acquisition marks an important milestone in our transformation journey accelerating our growth, enabling us to grow our scale and become a complete product and service provider in this attractive business.
“The combination of Metamark’s broad product portfolio with our existing sales and distribution network allows us to grow also outside of Europe. We warmly welcome our new colleagues and look forward to working together to serve our customers with an even stronger product portfolio.”
Metamark’s CEO, Phil Wild, said: “This acquisition reflects the value of our market-led innovation, respected product portfolio, and ambitious plans for market and geographical growth.
UPM brings the benefits of scale, resources, and a global presence, which will accelerate our shared vision for the graphics and allied markets. Metamark is excited to be part of UPM Raflatac and looks forward to a bright and prosperous future together.”
