All posts by Katie Reardon

Aptar to Acquire a Strategic Equity Interest in BTY, a Leading Ch...

Crystal Lake, Illinois, October 7, 2019 – AptarGroup, Inc. (NYSE: ATR), a global leader in dispensing, drug delivery and active packaging solutions, announced today that it has signed an agreement to acquire a 49% equity interest in three related BTY companies: Suzhou Hsing Kwang (“SZHK”), Suqian Hsing Kwang (“SQHK”) and Suzhou BTY (“BTY”), collectively referred to as BTY. The BTY entities are leading Chinese manufacturers of high quality, decorative metal components, metal-plastic sub-assemblies, and complete color cosmetics packaging solutions for the beauty industry.

This strategic investment brings complementary and distinctive capabilities to Aptar including high speed stamping and anodization, metal and plastic decoration and differentiated lipstick masstige mechanism design and manufacturing. This investment positions Aptar well to capitalize on growth potential in the Asian color cosmetics market, while further strengthening Aptar’s ability to serve customers focused on the color cosmetics markets.

Commenting on the transaction, Stephan Tanda, Aptar President and CEO, said, “We are committed to growing our business in Asia and to creating an even stronger local presence in this region. This strategic equity investment better positions us in the high-growth Asian color cosmetics market and we look forward to leveraging our expansive portfolio of dispensing technologies, along with our global scale, to build upon BTY’s success in this market. This transaction meets our disciplined investment approach of acquiring leading, recognized players with innovative technologies and know-how, and includes an option to raise our stake in future years. We look forward to welcoming BTY to the Aptar family.”

Financial details will be disclosed upon successful completion of the transaction. The transaction is subject to customary regulatory approvals and is expected to close by the end of 2019 and the purchase will be funded with available cash on hand.

Since founding the business in 2002, Mr. Liang Cheng has developed a business with deep management expertise responsible for developing packaging that is used by both local Chinese and multinational color cosmetics brands. The three facilities employ 900 people and are located close to Aptar’s manufacturing facilities in the Suzhou, Jiangsu Province in China and offer proximity to leading cosmetics manufacturing players that serve the local, regional and global markets.

“Aptar and BTY share many of the same values including the desire to improve the lives of consumers around the world,” explained Liang Cheng, Founder of the BTY companies. “Aptar, a leader in the beauty, pharmaceutical and food packaging industries, continuously strives to provide customers with the perfect innovative solution. This drive is also found in BTY’s DNA. Together, we will be able to provide customers with further agility, speed to market and an enhanced portfolio of products and services, all while contributing positively to people’s lives, our society and ultimately the planet.”

Xiangwei Gong, President of Aptar Asia, stated, “We have a strong focus to grow in Asia through strategic partnerships as well as acquisitions. This strategic equity interest in BTY is key to our strategy as it allows us to create even stronger local teams, co-create local innovations and leverage the strength of Aptar’s global capabilities for our Asian customers in the color cosmetics market.”

Download the full press release.

October 7, 2019

Aptar Reports Second Quarter Results

Crystal Lake, Illinois, July 31, 2019 — AptarGroup, Inc. (NYSE:ATR), a global leader in consumer dispensing, active packaging and drug delivery solutions, today reported second quarter 2019 financial results.

Second Quarter 2019 Summary

  • Reported sales increased 5%
  • Core sales, excluding currency and acquisition effects, grew 4%
  • Reported earnings per share increased 30% to $1.12 compared to prior year earnings per share of $0.86
  • Adjusted earnings per share increased 10% to $1.15 compared to prior year adjusted earnings per share of $1.05 (including comparable exchange rates)
  • Reported net income increased 33%
  • Adjusted EBITDA increased 14%, despite foreign currency headwinds
  • Expanded portfolio of services that support pharmaceutical and biotech customers with acquisitions of Nanopharm and Gateway Analytical

Download the full press release.

July 31, 2019

Aptar Declares Quarterly Dividend

Crystal Lake, Illinois, July 17, 2019 — The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.36 per share. The payment date is August 21, 2019, to stockholders of record as of July 31, 2019.

As previously announced, Aptar will hold a conference call on Thursday, August 1, 2019 at 8:00 a.m. Central Time to discuss the Company’s second quarter results for 2019. 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.

July 17, 2019

Aptar Acquires Nanopharm and Gateway Analytical, Broadening Pharm...

Crystal Lake, Illinois, June 10, 2019 – AptarGroup, Inc. today announced that it has acquired two leading pharmaceutical services companies, Nanopharm Ltd. and Gateway Analytical LLC, for a combined enterprise value of approximately $50 million. The acquisitions are part of Aptar’s strategy to broaden its portfolio of services that support pharmaceutical and biotech customers to accelerate and derisk their complex product developments.

Both acquisitions bring complementary, value-added and differentiated analytical, testing and development services for all stages of drug development and commercialization. The expanded services platform will enable Aptar Pharma to collaborate earlier with customers to support their complex drug formulations and delivery requirements as they face increasingly competitive and regulated markets.

Nanopharm, located in Newport, UK, is a science-driven, leading provider of orally inhaled and nasal drug product design and development services. Gateway Analytical, located in Gibsonia, PA, provides industry-leading particulate detection and predictive analytical services to customers developing injectable medicines. The companies’ results will be included in the Pharma segment and the transactions are not expected to be dilutive to Aptar’s earnings in 2019.

“We are delighted to welcome the talented teams of Nanopharm and Gateway and their customers to Aptar Pharma,” commented Gael Touya, President of Aptar Pharma. “Their expertise and capabilities will deepen our current range of services offered to customers who are developing and testing inhaled and injected medicines. This enables us to participate in a broader spectrum of the pre-clinical, clinical trial and market launch phases of drug development.”

Stephan Tanda, President and CEO, stated, “These strategic investments further strengthen our best in class Pharma business and increase our ability to add to our long-term growth pipeline by adding depth to our service offerings. The expertise of two established leaders, Nanopharm, a leader in inhalation and nasal drug development services, and Gateway, a leader in particulate detection and analysis for the injectables market, are complementary to our existing laboratory and analytical services and will bring additional value to our customers as they navigate the challenging regulatory landscape and seek to bring their products to market faster.”

Download the full press release.

June 10, 2019

Aptar Announces the Appointment of Isabel Marey-Semper to the Boa...

Crystal Lake, Illinois, May 1, 2019 — AptarGroup, Inc. (NYSE:ATR), announced today that Isabel Marey-Semper has joined Aptar’s Board of Directors.

Isabel is a trained scientist and experienced transformation leader who was most recently the Executive Vice President, Communications and Public Affairs and General Manager for L’Oréal. Prior to that, Isabel was the Chief Financial Officer of Groupe PSA (Peugeot Citroën) and has also held a senior executive roles at the multinational company, Saint-Gobain. She also served on the board of Nokia for several years.

Stephan Tanda, Aptar President and CEO, stated, “We are thrilled to welcome Isabel Marey-Semper to our Board. As a trained scientist and experienced transformation leader, Isabel brings tremendous breadth and depth of experience. She has deep insights into the French business culture and, at the same time, a strong grasp of global business imperatives. She will be a great addition to our Board.”

Commenting on Aptar’s Board membership, George Fotiades, Chairman of the Board, explained, “We have an exceptionally strong, truly international and diverse Board of Directors at Aptar. Our directors are highly experienced, reflective of, and deeply knowledgeable about, the markets we serve and the strategies we pursue. With 40% of our Board consisting of female directors, we are proud to be among the companies leading the way towards gender balance on corporate boards.”

Isabel holds a Master of Science degree, an MBA and a PhD degree in Neuro-Pharmacology. Isabel is also a Director for Damae Medical, a medical company focused on diagnosing skin tumors without the need for a biopsy; Imagine Institute, a medical research organization focused on the treatment of genetic diseases; and the Inria Foundation, a research organization dedicated to digital science and technology.

Download the full press release.

May 1, 2019

Aptar Reports First Quarter Results

Crystal Lake, Illinois, April 30, 2019 — AptarGroup, Inc. (NYSE:ATR) today reported first quarter results for 2019.

First Quarter 2019 Summary

  • Reported sales increased 6%
  • Core sales, excluding currency and acquisition effects, grew 7%
  • Reported earnings per share increased 4% to $0.96 compared to prior year earnings per share of $0.92
  • Adjusted earnings per share increased 16% to $1.07 compared to prior year adjusted earnings per share of $0.92 (including comparable exchange rates)
  • Reported net income increased 6%
  • Adjusted EBITDA increased 15%, despite foreign currency headwinds
  • Increased quarterly dividend 6% to $0.36 per share; 2019 will be our 26th consecutive year of paying increased annual dividends

Download the full press release.

April 30, 2019

Aptar Announces New $350 Million Share Repurchase Authorization a...

Crystal Lake, Illinois, April 18, 2019 — The Board of Directors of AptarGroup, Inc. (NYSE: ATR) yesterday authorized the repurchase of up to $350 million of the Company’s common stock. This new authorization replaces all previous authorizations. Aptar may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions. The Board also increased the quarterly cash dividend by 6% to $0.36 per share. The payment date is May 22, 2019, to stockholders of record as of May 1, 2019.

Stephan Tanda, President and CEO, commented, “The new share repurchase authorization and increased dividend reflect our strong balance sheet and the confidence we have in the long-term growth prospects for the company. We are providing shareholders with current returns while we continue to invest in the business and remain flexible to take advantage of strategic acquisition opportunities. This will be our 26th consecutive year of paying an increased dividend.”

As previously announced, Aptar will hold a conference call on Wednesday, May 1, 2019 at 8:00 a.m. Central Time to discuss the Company’s first quarter results for 2019. 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.

April 18, 2019

Aptar Wins sHero Award for Best Company for Female Executives

The 2019 Global Woman & Future Conference organized by sHero was held at the Portman Ritz Carlton, Shanghai, China on March 29, 2019. sHero is a non-profit organization focused on empowering women through employment, education and engagement. The conference aims to respond to the International Women’s Day theme – Balance for Better: Creating Inclusive Growth and Sustainable Prosperity.

Aptar won the silver award for “Best Company for Female Executives”, among many well-known companies. Becton Dickinson (BD) also won a silver award and the gold award went to Honeywell. The awards celebrate the exceptional companies in the China region that are committed to moving women to the top. The awards also recognize the outstanding companies dedicated to creating an inclusive culture that identifies, promotes and supports women reaching their career goals.

Dr. Andy Zou, President, Aptar Greater China, accepting the award on behalf of Aptar said, “I am happy to work with a great and diverse leadership team and I expect more men to engage in these activities. Let’s all contribute to create inclusive growth and sustainable prosperity together.”

The founder of sHero, Christine Liu said, “The most inspiring thing about Aptar is that they support women’s leadership acceleration from top to bottom, from their global CEO, Asia President, and Greater China President, to their employees. They all demonstrated consistent commitment to women’s advancement in the workplace. What is more impressive is that the local leadership team participated this conference for the full day program. They actively interacted with speakers and delegates from other organizations and companies.”

She also explained, “When we see more and more people around the world mobilizing for a more equal future, it clearly shows that we need women leaders more than ever before. When women use their power and connections to achieve their goals, they are unstoppable. Women and girls are innovating and working together to design a better future for everyone. We are not going back. We have to build for a more equal future.”

Nearly 50 well-known entrepreneurs, celebrities and industries from all walks of life were invited as speakers. They discussed and reflected on the importance role of women in participating in company development and social economic development with more than 200 delegates from renowned enterprises such as Jala, Mary Kay, BD, GSK, Pfizer, and Honeywell. Aptar’s Asia President, Ms. Xiangwei Gong, was also invited to be one of panelists to share her opinions on growth through diversity.

Diversity and Inclusion is one of the most important strategic priorities at Aptar. Today, Aptar’s Board of Directors consists of eleven members, three of whom are women. The Board has three functional committees, the Governance committee, the Management Development and Compensation Committee and the Audit Committee, and Aptar’s women directors are the chairpersons of each committee. In Aptar’s China management team, women leaders account for 50%. Aptar strongly supports employee development, advocates gender equality, and creates an inclusive culture that identifies, promotes and supports women reaching to the top. Aptar is extremely proud of its diverse, global, highly skilled workforce and of all of the accomplishments achieved together. The company looks forward to making continued progress in the area of diversity and inclusion as it looks to the future.

Linda Lian, an Aptar employee and volunteer for the conference, said, “I have learned a lot from these speakers which will have huge influence on my future career and life. Personally, I am very passionate about women’s leadership acceleration. I am very happy that I joined Aptar, a company really cares about women’s leadership and I can feel it every day at work. I’m so proud of my company.”

Top photo: Aptar’s team from Asia attends the 2019 Global Woman & Future Conference organized by sHero. From left to right: Season Zhang, Kelsey Qiang, Selina Lin, Grace Ding, Peter Zhu, Weida Zhang, Andy Zou, Xiangwei Gong, Helen Zhu, Tina Xu, Susan Gu, Linda Lian, Jenny Cao

Dr. Andy Zou, President, Aptar Greater China (center), accepts the silver award for “Best Company for Female Executives”

Ms. Xiangwei Gong, President of Aptar Asia, participates in a panel discussion regarding growth through diversity

April 10, 2019

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