All posts by Katie Reardon

Aptar Reports Fourth Quarter and Annual Results

Crystal Lake, Illinois, February 20, 2019 — AptarGroup, Inc. (NYSE:ATR) today reported fourth quarter and annual results for 2018.

Fourth Quarter 2018 Summary

  • Reported sales increased 9%
  • Core sales, excluding currency and acquisition effects, grew 7%
  • Reported earnings per share decreased 19% to $0.62 compared to prior year earnings per share of $0.77
  • Adjusted earnings per share increased 19% to $0.92 compared to prior year adjusted earnings per share of $0.77 (including comparable exchange rates)
  • Reported net income decreased 18%
  • Adjusted EBITDA increased 20%
  • Pharma segment earnings included a positive impact of approximately $6 million related to a gain on the sale of an equity investment
  • Food + Beverage segment earnings included a negative impact of approximately $2 million related to the write-off of a prepaid license fee

Annual 2018 Summary

  • Reported sales increased 12%
  • Core sales, excluding currency and acquisition effects, grew 8%
  • Reported earnings per share decreased 12% to $3.00 compared to prior year earnings per share of $3.41
  • Adjusted earnings per share increased 13% to $4.00 compared to prior year adjusted earnings per share of $3.54 (including comparable exchange rates)
  • Reported net income decreased 11% and reported net income margin (% of net sales) was 7% compared to 9% a year ago
  • Adjusted EBITDA increased 16% and adjusted EBITDA margin was 20% compared to 19% a year ago
  • Acquired strategic technologies (CSP Technologies and Reboul)
  • 2018 was our 25th consecutive year of paying an increased dividend

Download the full press release.

February 20, 2019

Aptar Named One of the Top 100 Most Sustainable U.S. Companies by...

Aptar has been named one of the Top 100 Most Sustainable U.S. Companies by Barron’s as part of their 2019 ranking. Aptar was ranked number 79 on the top 100 list. Calvert Research and Management compiled Barron’s list, and evaluated the 1,000 largest publicly held U.S. companies (by stock market value). The rankings were then based on hundreds of metrics addressing environmental, social, and corporate governance, or ESG, factors.

To read more about Aptar’s sustainability efforts, please view our Corporate Sustainability Report.

February 11, 2019

Aptar Joins the World Business Council for Sustainable Developmen...

Crystal Lake, Illinois, February 5, 2019 — AptarGroup, Inc. (NYSE: ATR) announced today that it has joined nearly 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD).

As global businesses face new, complex challenges and opportunities, WBCSD’s science-based approach and targeted business solutions aim to scale up business impact to the most challenging sustainability issues. WBCSD targets the realization of Sustainable Development Goals through six work programs – Circular Economy, Cities and Mobility, Climate and Energy, Food, Land and Water, People and Redefining Value – to achieve systems transformation.

Stephan Tanda, Aptar President and Chief Executive Officer said, “We are delighted to join WBCSD and the other member companies who are part of this critical commitment to accelerating the transition to a sustainable world. As a global company, we are committed to reducing our impact on the planet while creating top quality, sustainable products. Connecting with WBCSD’s 200 members provides an invaluable opportunity to share best practices and work on larger projects with aligned objectives. We are particularly interested in WBCSD’s innovative work in relation to the circular economy, including the Global Plastics Alliance, along with its focus on climate, energy and the Sustainable Development Goals.”

WBCSD President and CEO Peter Bakker said, “WBCSD is pleased to welcome Aptar as our newest member. We are dedicated to working towards a transformation of the key systems across society, and this can only be achieved in collaboration with companies across the full value chain. Aptar has touchpoints across many products and services that help to improve the lives of millions of people around the globe, along with a commitment to ensuring these offerings are sustainable for both people and the planet.”

In addition to leading in corporate sustainability, Aptar is committed to seeking opportunities to replace fossil-based resins, to increase its offering of sustainable dispensing solutions and to collaborate with its customers on re-fillable products. The company’s Product Sustainability Team is addressing customer, consumer and regulatory expectations for sustainable product offerings. To date, Aptar has launched closures in North America and Europe made with post-consumer recycled resins (PCR) and continues to explore additional opportunities for sustainable resins and fully recyclable products. Furthermore, Aptar’s existing technologies, including multi-use, re-sealable dispensing closures, and spray and lotion pumps, are well suited to address the evolving need to re-use and re-fill.

Download the full press release.

February 5, 2019

Aptar Signs the New Plastics Economy Global Commitment

CRYSTAL LAKE, Ill.–AptarGroup, Inc. announced today that it has signed the New Plastics Economy Global Commitment and has joined forces with other businesses and governments committed to changing how we produce, use and reuse plastic.

The Global Commitment, through the Ellen MacArthur Foundation, has mobilized over 250 signatories that are determined to start building a circular economy for plastic. Signatories of the Global Commitment include companies representing 20% of all plastic produced globally. Together they will work to eliminate plastic items that are not needed; innovate so that needed plastic is designed to be safely reused, recycled or composited; and circulate used plastic to keep it in the economy and out of the environment.

Commenting on Aptar’s commitment, Aptar President and CEO, Stephan Tanda said, “By signing the New Plastics Economy Global Commitment, we further reinforce our pledge to reduce our environmental impact and support the Ellen MacArthur Foundation’s vision for a circular economy. We look forward to partnering with our colleagues in the packaging industry to implement powerful changes to plastics manufacturing and the reuse of plastic, with the ultimate goal that it does not become waste.”

In the interest of supporting a more sustainable economy, Aptar launched a Sustainable Materials Task Force to address customer, consumer and regulatory expectations for sustainable product offerings. The task force’s fundamental objectives were to create a reliable network of sustainable material suppliers with the necessary technical and supply capabilities, and to establish a robust process with suppliers to validate sustainable materials and offer ready-to-use solutions.

Over the past few years, Aptar has evaluated and tested a number of sustainable resins. Aptar seeks sustainable materials that can replace our standard fossil-based resins, and is currently investigating post-consumer recycled resins (PCR), post-industrial resins (PIR) and bio-based materials.

Aptar has launched stock tube-top, snap-top and disc-top closures in North America made with PCR resin. Approved by the U.S. Food and Drug Administration (FDA) for use in the beauty, personal care and home care applications, this PCR polypropylene is blended 50/50 with virgin polypropylene resin.

Aptar also recently qualified some of its dispensing systems with actuator, closure and dip tube components made of bio-based materials. These were the first dispensing systems on the global market to complete a life cycle assessment (LCA) and achieve an environmental product declaration (EPD) in compliance with standard ISO 14025. With the recent certification of LCA studies, these dispensing systems can further reduce environmental impact.

Aptar remains committed to sustainable resins and will continue to seek opportunities to replace fossil-based resins and increase our offering of sustainable dispensing solutions. We invite you to read more about our sustainability efforts in our 2017 Corporate Sustainability Report.

January 18, 2019

Aptar Declares Quarterly Dividend

Crystal Lake, Illinois, January 17, 2019 – AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.34 per share. The payment date is February 20, 2019, to stockholders of record as of January 30, 2019.

As previously announced, Aptar will hold a conference call on Thursday, February 21, 2019, at 8:00 a.m. Central Time to discuss the Company’s fourth quarter and year-end results for 2018. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

Download the full press release.

January 17, 2019

Aptar Announces Quarterly Conference Call and Annual Meeting Info...

Crystal Lake, Illinois, January 9, 2019 — AptarGroup, Inc. (NYSE: ATR) announced the dates and times of quarterly conference calls for the year. Any updates to these dates or times will be communicated in subsequent press releases.

Quarterly Conference Calls

  Press Release (1) Conference Call (2)
4th Quarter and Annual 2018 Results February 20, 2019 February 21, 2019, at 8:00 a.m. CT
1st Quarter 2019 Results April 30, 2019 May 1, 2019, at
8:00 a.m. CT
2nd Quarter 2019 Results July 31, 2019 August 1, 2019, at
8:00 a.m. CT
3rd Quarter 2019 Results October 31, 2019 November 1, 2019, at 8:00 a.m. CT

 

  1. Press releases will be issued on the dates noted after the close of trading on the New York Stock Exchange.
  2. Times shown are in the Central U.S. time zone. Conference calls will last approximately one hour and interested parties are invited to listen to a live webcast by visiting the Investor Relations page of the Aptar website at www.aptar.com. Replay of the conference calls can also be accessed on the Investor Relations page of the website.

Annual Meeting

The Board also announced that the 2019 Annual Meeting of Stockholders will be held at Aptar’s corporate headquarters, 265 Exchange Drive, Suite 100, Crystal Lake, Illinois, on May 1, 2019, at 9:30 a.m. CT. The record date for stockholders entitled to vote at the meeting is March 8, 2019.

Download the full press release.

January 9, 2019

Aptar Mukwonago Achieves International Standing for Energy Manage...

CRYSTAL LAKE, Ill.–AptarGroup, Inc. announced that its facility in Mukwonago, Wisconsin has achieved certification to the ISO 50001 International Standard for Energy Management Systems. This milestone follows an intensive two-year effort to quantify, control and improve the energy performance of its manufacturing facility and operations.

As of December 1, Aptar has certified sixteen sites in Europe and the Mukwonago facility is Aptar’s first in North America certified to the ISO 50001 standard. “This is an impressive achievement as the Wisconsin facility is setting the pace in energy management for our North American locations,” said Beth Holland, Vice President, Operational Excellence – EHS & Sustainability.

Aptar Mukwonago joined Focus on Energy’s Strategic Energy Management (SEM) Leaders initiative in 2016. Focus on Energy, in partnership with We Energies, provided participants with technical, management and financial support for applying continuous improvement principles and practices to energy management. Aptar met the criteria for the SEM Leaders program due to its positive history with Focus on Energy and existing continuous improvement efforts towards quality, environment and safety.

Mukwonago Plant Engineering Manager, Gary Schleicher, spearheaded the drive for ISO certification and believes the key to Aptar’s success was strong backing from plant management and a dedicated energy team. “We couldn’t have done this without our team members and backing from management. The guidance we received as an SEM Leader kept us focused and on track.”

Since becoming an SEM Leader, the Aptar facility’s energy performance improved by nearly 5 percent. “The entire Aptar energy team has done a really nice job identifying and implementing both capital and operational energy improvement opportunities,” said Don Gall, Focus on Energy’s Advisor to Aptar.

Pictured above (from left to right):

Beth Holland, VP Operational Excellence, EHS&S; Trevor Reinhard, Industrial Engineer; Tanner Faulkner, Director of Manufacturing; David Lehman, Director of Strategic Projects; Mark Kitzis, President of Food + Beverage North America; Gary Schleicher, Plant Engineering Manager; Don Gall, Focus on Energy

 

December 20, 2018

Aptar’s Team in India Spends a Fun-Filled Day with the Vatsalya...

Recently, Aptar’s team in Mumbai, India, invited the children of the Vatsalya Foundation to visit Aptar’s offices for a day filled with fun activities such as a hand painting competition, traditional games and more.

Vatsalya, meaning Parental Love, was established in 1982 by the students of College of Social Work, Nirmala Niketan, who came across street children at the railway stations and near Bombay Hospital in Mumbai.

Today Vatsalya is a pioneer agency in India working with street children in Mumbai through its multilevel approach of outreach, child-to-child contact, contact centers and a shelter home.

Aptar has teamed with the Vatsalya foundation since 2010, and is pleased to spend time working with the children. The day had a profound impact on the Aptar team, who shared the following:

“While the concept of “give back” was designed with an objective to reflect and improve our social participation, the kids became a force of rejuvenation and enlightenment for our team with their sheer passion and approach towards life and its challenges,” said Kanwal Tikoo, President of Aptar India and Southeast Asia.

“This event heightened our spirit to celebrate life,” explained Supriya Srivastava, Regional Marketing, India and Southeast Asia, Aptar Beauty + Home.

“We enjoyed being mentors supporting a universal hymn,” said Pardeep Wazir, Sales Director, India and Southeast Asia, Aptar Beauty + Home.

“It was a day full of surprises as we saw these kids interpret life with happiness despite the challenges they have faced,” said Sreeta Nair, Regional Sales Manager, Aptar Beauty + Home, India.

November 30, 2018

Aptar Reports Third Quarter Results

CRYSTAL LAKE, Ill.–AptarGroup, Inc. (NYSE:ATR) today announced third quarter results.

Third Quarter 2018 Summary

  • Reported sales increased 7%
  • Core sales, excluding currency and acquisition effects, also rose 7%
  • Reported earnings per share, including restructuring and acquisition costs, were $0.60
  • Adjusted earnings per share, excluding restructuring and acquisition costs, increased 21% to $0.99, compared to prior year currency adjusted earnings per share of $0.82
  • Reported net income, including restructuring and acquisition costs, decreased 27%
  • Adjusted EBITDA, excluding restructuring and acquisition costs, increased 14%
  • Beauty + Home and Food + Beverage segment margins were negatively impacted by rising raw material costs and the delay in passing through these increased costs
  • Required change to highly inflationary accounting in Argentina also negatively impacted Beauty + Home margins
  • CSP Technologies integration underway and proceeding well
  • Business transformation progressing as planned

Download the full press release.

November 1, 2018

Aptar Appoints Chief Human Resources Officer

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–AptarGroup, Inc. (NYSE:ATR), announced today that Shiela Vinczeller was named Chief Human Resources Officer. Shiela will join Aptar on November 1, 2018 and will become a member of Aptar’s Executive Committee.

Shiela is a seasoned, senior Human Resources executive with over 25 years of global leadership experience. She brings to Aptar a strong track record of global talent management with deep experience in Diversity and Inclusion and a sharp focus on building effective teams. Prior to joining Aptar, Shiela spent 12 years in Human Resources leadership roles at International Paper, one of the world’s leading producers of fiber-based packaging, pulp and paper.

At International Paper, Shiela oversaw many areas including, but not limited to, the company’s global talent management and talent acquisition strategies, employee engagement, workforce planning, leadership development and succession management. Shiela was also responsible for defining and deploying International Paper’s global Diversity and Inclusion programs. Prior to joining International Paper, Shiela held senior Human Resources positions with the Belgian Lhoist Group and prior to that with General Electric’s Lighting division.

Stephan Tanda, Aptar President and CEO, stated, “We are excited to welcome Shiela to Aptar’s senior executive team and delighted that she will lead our global Human Resources organization with an emphasis on international leadership and talent development. Shiela’s breadth of experience leading global, enterprise-wide people initiatives will greatly benefit our long-term growth strategy and further strengthen our executive team.”

Shiela holds a Post Graduate Degree in Marketing Communication and a degree in International Business from the Budapest Business School. Shiela serves as the President of the Board of Directors for the Germantown Performing Arts Center in Tennessee and is a member of the Board of Directors for Leadership Memphis.

Download the full press release.

October 25, 2018

Aptar Welcomes Xiangwei Gong as President of Aptar Asia

Aptar welcomes Xiangwei Gong as President of Aptar Asia. Xiangwei officially joined Aptar on October 15, 2018 and is a successful, entrepreneurial leader of B2B and B2C businesses with a career that spans over 20 years. She has a strong track record in the Beauty, Personal Care, Nutrition and Pharma industries and has lived and worked in several countries while holding increasingly senior roles for Roche Vitamins and Royal DSM. Most recently Xiangwei was the President of DSM Hydrocolloids, a China-based, global business, which she scaled through multiple acquisitions and strong organic growth.

We’re glad to have you on our team, Xiangwei!

 

October 24, 2018

Aptar Declares Quarterly Dividend

Crystal Lake, Illinois, October 18, 2018 — The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.34 per share. The payment date is November 21, 2018, to stockholders of record as of October 31, 2018.

As previously announced, Aptar will hold a conference call on Friday, November 2, 2018 at 8:00 a.m. Central Time to discuss the Company’s third quarter results for 2018. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

Download the full press release.

October 18, 2018

Aptar Honors the Legacy of Chicago Recovery Alliance Founder, Dan...

In February, Aptar and Adapt Pharma donated 5,000 doses of NARCAN® Nasal Spray to various organizations across the Midwest to help combat the opioid crisis that continues to surge across the country. Recipients of that donation included the State of Illinois Department of Health, the Chicago Recovery Alliance and the McHenry County Substance Abuse Coalition.

With Aptar’s easy-to-use nasal spray system, anyone can administer a concentrated 4 mg dose of naloxone without any required assembly or specialized medical training.

The Chicago Recovery Alliance, led by founder and longtime Chicagoan Dan Bigg, spearheaded naloxone distribution in the U.S.

Bigg’s harm reduction program included raising awareness of naloxone and informing the public about what to do if they became aware of a potential overdose situation.

Last month, Bigg passed away unexpectedly. Aptar would like to honor Bigg’s legacy, by donating 600 additional doses of NARCAN® Nasal Spray to the Chicago Recovery Alliance, in hopes of helping the organization continue the outstanding work he started.

October 2, 2018

Aptar Announces Change to Date for Third Quarter Conference Call

Crystal Lake, Illinois, September 26, 2018 — AptarGroup, Inc. (NYSE:ATR) today announced it has changed the date for its third quarter 2018 earnings conference call to Friday, November 2, 2018 at 8:00 a.m. Central Time. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

The previously announced date of the call was changed due to the timing of the CSP Technologies acquisition, which closed at the end of August. Accordingly, the Company now expects to announce its third quarter results after trading on the New York Stock Exchange has closed on Thursday, November 1, 2018.

Download the full press release.

 

September 26, 2018

Aptar Completes Acquisition of CSP Technologies

Crystal Lake, Illinois, August 27, 2018 — AptarGroup, Inc. (NYSE:ATR) today announced it has completed the previously announced acquisition of CSP Technologies S.à r.l. (CSP Technologies), a leader in active packaging technology based on proprietary material science expertise.

As previously reported, this strategic transaction meets Aptar’s disciplined criteria for acquiring companies with strong positions in attractive markets, proprietary technologies, solid margins and robust growth fundamentals. Aptar looks forward to growing CSP Technologies’ existing business in the Pharma and Food Safety markets, and leveraging their active packaging and material science know-how in other end markets.

Stephan Tanda, President and CEO, commented, “As anticipated, the closing of the CSP Technologies acquisition went smoothly and we welcome CSP Technologies’ experienced team to Aptar. We will begin to integrate CSP Technologies into our global network and together we will continue to develop value-creating, differentiated solutions as a global leader in packaging solutions.”

There will be a conference call on Friday, October 26, 2018 at 8:00 a.m. Central Time to discuss Aptar’s third quarter results for 2018. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

Download the full press release.

August 27, 2018

Aptar Reports Second Quarter Results; Announces Binding Offer to ...

Aptar Reports Second Quarter Results; Announces Binding Offer to Acquire CSP Technologies, a Leader in Active Packaging Technology

Crystal Lake, Illinois, July 26, 2018 — AptarGroup, Inc. (NYSE:ATR) today announced second quarter operating results along with its binding offer to acquire CSP Technologies Parent S.A. (CSP Technologies), a leader in active packaging technology based on proprietary material science expertise.

Second Quarter 2018 Summary

  • Reported sales increased 15%, including the positive effect of currency rates (+4%)
  • Core sales, excluding currency and acquisition effects, rose 11% driven by growth in each business segment, end market and geographic region
  • Reported net income (8% of net sales) decreased 14% to $56 million due to restructuring expenses of $18 million and costs related to the Reboul and CSP Technologies acquisitions of $3 million
  • Adjusted EBITDA (20% of net sales), which excludes the restructuring and acquisition expenses, increased 14% to $141 million
  • Reported earnings per share, including restructuring and acquisitions expenses, with an effective tax rate of 26%, were $0.86 compared to $1.01 reported in the prior year with an effective tax rate of 18% (prior year included certain tax settlements and higher equity compensation deductions)
  • Adjusted earnings per share, which exclude restructuring and acquisition expenses, increased 4% to $1.09, compared to prior year currency adjusted earnings per share of $1.05 with an effective tax rate of 18%
  • Prior year earnings per share would have been $0.10 lower had our current effective tax rate been applied to prior year earnings
  • Binding offer to acquire CSP Technologies, a leader in active packaging technology, for an enterprise value of $555 million
  • Business transformation progressing as planned

Download the full press release.

July 27, 2018

Aptar Raises Quarterly Dividend

CRYSTAL LAKE, Ill.–The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today increased the quarterly cash dividend by 6% to $0.34 per share. The payment date is August 22, 2018, to stockholders of record as of August 1, 2018. Stephan Tanda, President and CEO, commented, “Our dividend is an element of our balanced capital allocation strategy and with our strong balance sheet and confidence in our future, we are returning value to our shareholders with this increased dividend. This year will mark our 25th consecutive year of paying a higher annual dividend than was paid in the previous year.”

As previously announced, Aptar will hold a conference call on Friday, July 27, 2018, at 8:00 a.m. Central Time to discuss the Company’s second quarter results for 2018. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.

Download the full press release.

July 18, 2018

AptarGroup Releases Corporate Sustainability Report

AptarGroup, Inc. (NYSE: ATR), a global leader in dispensing and sealing solutions, today released its 2017 Corporate Sustainability Report. The 2017 Sustainability Report highlights the robust sustainability initiatives that have been implemented across Aptar’s global operations.

As in previous reports, Aptar summarizes various milestones measured and achieved in three key areas of people, planet and product. The 2017 Sustainability Report is based on the Global Sustainability Reporting (GRI) Standards: Core Options, as released in October 2016. In preparing the report, Aptar obtained limited external assurance for absolute energy metrics, carbon emissions and renewable energy purchases. Aptar also responds to the Carbon Disclosure Project (CDP) Investor Climate Change and Supply Chain questionnaires each year.

In 2017, the Company established an Operational Excellence organization with five pillars: Manufacturing, Engineering/Industrialization, Supply Chain Management, Quality and Environment, Health and Safety & Sustainability (EHS&S). With this, a global network of regional leaders and site-level representatives was created within the EHS&S pillar. Together, these teams executed many initiatives which are highlighted in the report, along with examples of a renewed focus on safety, and stories of progress with environmental and social initiatives.

“We are pleased to share the latest chapter in our ongoing sustainability journey. At Aptar, we believe that a diversity of perspectives and experiences will spur new ways of reducing our environmental impact and continue to drive our vision for a circular economy,” explained Stephan Tanda, President and CEO. “I am proud of the progress and success we’ve achieved to date, and I am optimistic that we will achieve many more sustainability milestones throughout 2018.”

To minimize paper waste, Aptar encourages readers to view the Corporate Sustainability Report at https://www.aptar.com/sustainability_report.

Download the full press release.

June 21, 2018

Aptar Announces Leadership Appointments

Photo (left to right): Gael Touya, Marc Prieur and Xiangwei Gong

CRYSTAL LAKE, Ill.–AptarGroup, Inc. (NYSE: ATR) today announced the appointment of Gael Touya to President, Aptar Pharma effective September 1, 2018. Touya, who had been President, Aptar Food + Beverage since January of 2016, will continue to report to CEO Stephan Tanda. Touya succeeds Salim Haffar who has announced he will depart Aptar at the beginning of September to become CEO of a privately-held provider of outsourced pharmaceutical services.

Touya, whose career with Aptar spans over 20 years, has held various business development and leadership roles including leading Aptar’s Beauty + Home business in China and Japan during a six-year stay in Asia. While President of Aptar Food + Beverage, he has succeeded in leading this segment into new application fields, raising operational performance and expanding our global footprint with thoughtful engagement of new and existing customers. In addition, he has diligently overseen Aptar’s award-winning innovation and sustainability initiatives and will continue to do so in his new role.

Marc Prieur, Aptar’s Vice President of Operational Excellence, will succeed Touya as President of Aptar Food + Beverage. Prieur has made substantial contributions to Aptar over his 20 year career, having lived and worked in Europe, the United States and China. His balanced experience in operations and running businesses, including Sales & Operations for Consumer Health Care in Europe and Aptar’s Pharma business in Asia, have prepared him well for his new role. Most recently, Prieur has built up our strong Operational Excellence pillar and greatly contributed to our current business transformation.

Stephan Tanda commented, “Salim and his experienced team have done an outstanding job of setting the foundation for future growth in our Pharma business. We thank him for his years of dedicated service and leadership, and we wish him well. Gael, who is a respected Aptar veteran with decades of successful leadership roles across our other businesses, was a logical choice to succeed Salim. With his extensive, cross-functional leadership experience across Aptar, Marc will be a great addition to the Executive Committee as he succeeds Gael. Over the coming months, Salim, Gael and Marc will work closely together to ensure smooth transitions for their respective responsibilities.”

Aptar is also pleased to announce that effective October 15, 2018, Xiangwei Gong will join Aptar as President, Aptar Asia. Xiangwei will report to CEO Stephan Tanda and will become a member of Aptar’s Executive Committee. Xiangwei, in close collaboration with her colleagues on the Executive Committee, will focus especially on accelerating business and organizational development for the group across Asia, strengthening our external networks while building further on our strong presence and talent in India and China.

Xiangwei is experienced in building multicultural business teams and is a successful, entrepreneurial leader of B2B and B2C businesses. She has a strong track record in the Beauty, Personal Care, Nutrition and Pharma industries. Xiangwei has lived and worked in several countries while holding increasingly senior roles for Roche Vitamins and Royal DSM during her more than 20 year career. Most recently Xiangwei held the title of President DSM Hydrocolloids, a China based, global business, which she scaled through multiple acquisitions and strong organic growth. Xiangwei earned an MBA from Columbia Business School in New York and an undergraduate business degree from the University of International Business & Economics in Beijing, China.

Commenting on the appointment, Stephan Tanda said, “I am excited about driving the future of Aptar with our new executive leadership team. We’re focused on bringing stronger resources to all the regions, including the high-growth economies, and increasing the empowerment and accountability of our regional teams in order to drive growth. Xiangwei is an excellent addition to our experienced team. Together, our leadership team will use insights, design, engineering and science to partner with our customers in creating innovative packaging technologies that make a meaningful difference in the lives, looks, health and homes of people around the world.”

Download the full press release.

June 19, 2018

Aptar Pharma and Propeller Health Partner to Develop Digital Medi...

Aptar Pharma, a leading provider of innovative drug delivery systems, and Propeller Health, a leading digital therapeutics company, have announced a collaboration to launch a comprehensive platform for developing digital medicines for multiple therapeutic areas and diseases.

Digital medicines can help to personalize treatments, monitor patients in real-time, detect day-to-day changes in disease condition and increase patient adherence.

The collaboration will cover inhaled, injectable, nasal and dermal medicine delivery forms, combining software with connected drug delivery devices to more effectively treat diseases and improve clinical outcomes for patients, as well as lowering healthcare costs.

Both companies will work together with pharmaceutical and healthcare partners to accelerate bringing digital medicines for leading marketed and pipeline brands to market, with Propeller Health managing the digital services and Aptar Pharma managing the device development, manufacturing and supply chain.

The two companies initially partnered in 2016 to develop the world’s first fully-integrated connected metered dose inhaler (cMDI).

In addition to expanding the partnership, Aptar Pharma has made a strategic equity investment of $10 million in Propeller Health during their latest funding round.

Salim Haffar, President of Aptar Pharma, commented, “Aptar Pharma has been providing innovative drug delivery systems for nearly 50 years, helping billions of patients around the world. Today, we are excited to broaden our offerings as we continue this journey towards improved patient care and clinical outcomes by growing our partnership with Propeller Health, the leader in their field of digital therapeutics.”

For full details, download our Press Release here.

May 30, 2018