UPM reached an agreement with SMARTRAC N.V. on Dec. 22, 2011 whereby UPM sells its RFID business to SMARTRAC. UPM will become an indirect shareholder of SMARTRAC with a 10.6 percent economic interest through the company OEP Technologie B.V. The closing of the deal is expected to take place during the first quarter of 2012. The transaction is still subject to regulatory approvals. SMARTRAC is registered in the Netherlands, and is one of the global market leaders in high-quality RFID inlays for...