UPM Raflatac North America > ... > ... > US Department of Justice intends to block UPM-Kymmene's MACtac acquisition and inititates investigation into competitive practices

US Department of Justice intends to block UPM-Kymmene's MACtac acquisition and inititates investigation into competitive practices

4/15/2003

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 please 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


 


Press Releases 2003

12/10/2003
Rafsec teams up with Bibliotheca to form a worldwide alliance for the RFID Library Market »

12/8/2003
Raflatac at Labelexpo China »

11/18/2003
PS Film Technology focus draws crowd to Raflatac's Film Festival »

11/5/2003
Tyco Fire & Security and Rafsec to deliver EPC-compliant RFID tag reader systems »

10/31/2003
National Library Board of Singapore selects Rafsec for major RFID label purchase »

10/29/2003
Raflatac, Inc. Rolls into Film Labelstock Production »

9/29/2003
ISO 9001:2000 Quality Certificate to Rafsec Oy »

9/11/2003
MeadWestvaco And Rafsec Join Forces for RFID Tagging Market Development »

9/8/2003
Rafsec announces the release of the new Corrugated Case Tag »

9/8/2003
Rafsec In-Mould Tag, now also available with ePC »

8/19/2003
UPM-Kymmene receives subpoena related to the U.S. labelstock market »

7/26/2003
UPM-Kymmene’s MACtac acquisition was rejected in the United States »

7/26/2003
UPM-Kymmene’s MACtac acquisition was rejected in the United States »

6/13/2003
Raflatac's new Polyjet range for the ink-jet technology »

4/23/2003
UPM-Kymmene to vigorously oppose U.S. DOJ's attempt to block its acquisition of MACtac »

4/15/2003
Rafsec and Magellan Technology signed a licence agreement »

4/15/2003
US Department of Justice intends to block UPM-Kymmene's MACtac acquisition and inititates investigation into competitive practices »

3/27/2003
Rafsec launches a new family of transponders suitable for injection moulding processes »

3/12/2003
Raflatac introduces digital labelstock product range »

3/10/2003
Rafsec Oy announces commissioning the world's first multi-protocol and multi-frequency quality assurance system »

3/3/2003
Raflatac, Inc. launches Business Line »

2/11/2003
Raflatac unveils renewed global website »

1/15/2003
Raflatac Canada appoints Kevin Doan Territory Sales Manager for Ontario »