UPM’s sale of RFID business to SMARTRAC N.V. was completed March 31, 2012, following clearance by all competent authorities. The RFID business, consisting of three companies in Finland, the U.S. and China, has been transferred to the new owner. The deal was published on Dec. 22, 2011. UPM will become an indirect shareholder of SMARTRAC with a 10.6 percent economic interest through the company OEP Technologie B.V., a holding company controlled by One Equity Partners and one of the major ...