DOJ investigates labelstock industry, To block UPM-Kymmene buy of MACtac
Press release from the issuing company
April 21, 2003 -- The US Department of Justice Antitrust Division has informed UPM-Kymmene Corporation that it intends to file a civil antitrust lawsuit to block UPM-Kymmene's acquisition of MACtac. At the same time it has opened a criminal investigation into competitive practices in the labelstock industry. The decisions came as surprises to UPM-Kymmene and the company expects to receive the details for the decisions and will reconsider the situation.
For further information contact:
Mr Pentti Kallio, President of Raflatac Group, tel. +358 204 15 0015
Mr Olavi Kauppila, Senior Vice President, Investor Relations, UPM-Kymmene,
tel. +358 204 15 0658
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.