Sale of Gascogne Laminates to UPM

Sector(s)
Industrials
Deal type
Sell your business
Date
September 2012
Countries involved
France / Switzerland

Client

Gascogne Laminates Switzerland (formely known as Panoval) is a European specialty adhesives converter

Deal

Capitalmind has advised Groupe Gascogne (French corporate listed on the Paris Stock Exchange) on the disposal of its labelstock operations in Switzerland to UPM-Raflatac

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France

What we did

Capital mind was appointed by Groupe Gascogne to run an auction process for this non core but attractive asset. Capitalmind’s deep knowledge of the industry helped enter into effective discussions with a limited number of strategic buyers.

Given the sensitivity of marketing a business to a close competitor,  we had to ensure that the transaction process was expedited quickly and that commercially sensitive information was only released at key milestones.

Our experience in structuring asset deals, resolving corporate carve out issues and marketing SmidCap assets to large international organizations has been key to make this deal happen.

About the deal

Headquartered in Martigny (Switzerland), Gascogne Laminates Switzerland (formely known as Panoval) is a European specialty adhesives converter (€44m in sales, 110 employees), focusing on high-end pressure sensitive materials for selected end-use markets such as stamps, security products, logistics, wines & spirits. Gascogne Laminates Switzerland is well-known in the market for its expertise in designing tailor made laminates constructions.

UPM Raflatac is a globally leading supplier of pressure sensitive label materials (€1.2bn turnover, 2400 employees). By acquiring Gascogne Laminates Switzerland’s labelstocks operations, UPM Raflatac adds to its product platform a strong speciality offering. UPM Raflatac is part of the UPM Group, a Finnish corporate listed on the NASDAQ OMX Helsinki Stock Exchange, reporting over €10bn of sales and employing over 24.000 people across the world.