(UPM Raflatac, Mills River, NC, USA, September 10, 2018 at 17:00 EET) - UPM Raflatac, one of the world's leading suppliers of self-adhesive label materials, has completed its acquisition of the assets of Seattle, Washington-based Converters Express, Inc.

By opening a terminal in the Seattle area, UPM Raflatac will continue to deliver on its promise to provide customers world class service with a local touch. This acquisition allows UPM Raflatac to expand its customer reach and improve its service capabilities to the Northwestern U.S. label market by offering label converters in the area an expanded range of innovative and sustainable paper, film and specials products - particularly in the wine and craft beverage segments.

"We are pleased to continue the expansion of our presence and service in North America by acquiring the assets of Converters Express," says Linnea Keen, Vice President, Sales, North America, UPM Raflatac. "We are now better equipped than ever before to serve the label converters in this region by providing the market next day service on a wide range of high quality labelstock products."

"I am happy the next chapter for Coverters Express involves integrating with the exceptional infrastructure and resources from UPM Raflatac," says Lynda Tarvin, Owner, Converters Express, Inc. "Their knowledge and exceptional portfolio of products will certainly provide more solutions and services along with quick turnaround to our Pacific Northwest label converters."

Scott Sowers
Senior Communications Specialist, UPM Raflatac
Mon-Fri 9.00-16.00 ET
tel. +1 828-275-7261
scott.sowers@upmraflatac.com

UPM Raflatac
UPM Raflatac is labeling a smarter future by developing innovative and sustainable labeling solutions complemented with world-class service. As one of the world's leading producers of self-adhesive label materials, we supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.5 billion (USD 1.9 billion) in 2017. UPM Raflatac is part of UPM - The Biofore Company. Find out more at www.upmraflatac.com.

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UPM
UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com 
 
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