Loparex Sold To Investment Group
UPM has sold Loparex Group, a part of its converting division, to an investment company belonging to ABN AMRO Capital Group. The transaction is expected to be concluded during the third quarter of 2005. Loparex is the world's leading manufacturer of siliconized release materials, with production plants located in Finland, the U.K., the Netherlands, the U.S. and China and a joint venture in India. ABN AMRO's intends to enhanced Loparex's service, support and manufacturing capabilities with targeted investments that will better support the company's growth and success. All Loparex units are part of this transaction.