All posts by Katie Reardon

Aptar Acquires Reboul, an Established and Innovative Leader in Pr...

Aptar Adds Capabilities to Better Serve the Growing Color Cosmetics Market; Acquires Reboul, an Established and Innovative Leader in Prestige Beauty Packaging

AptarGroup, Inc. (NYSE: ATR) today announced that as of May 1, 2018, it has acquired Reboul from Vacheron Industries SAS. Reboul is a French leader in the design and industrial production of high-quality metal components, metal-plastic sub-assemblies, next generation lipstick mechanisms, and complete color cosmetic packaging solutions.

This strategic acquisition brings to Aptar complementary and distinctive capabilities including deep metal drawing, high speed metal stamping, as well as differentiated lipstick mechanism design and manufacturing. The transaction positions Aptar well to capitalize on growth in the color cosmetics market, while further strengthening its ability to serve customers in the skincare and fragrance markets.

Under the terms of the purchase agreement, Aptar will acquire Reboul for an enterprise value of €14 million (approximately $17 million) in cash, less the amount of net debt assumed at the closing date. The agreement also provides an earn-out provision based on the 2018 financial results, which could increase the enterprise value to a maximum of €23 million (approximately $28 million). The purchase will be funded with available cash on hand.

Since 1921, Reboul has been creating packaging for some of the world’s most prestigious color cosmetics brands. In 2017, Reboul became a member of Entreprise du Patrimoine Vivant (EPV), a recognition by the French government that rewards French firms for excellence in their field and industrial know-how. Reboul operates in a state-of-the-art manufacturing facility built according to RT2012 standards to provide optimized energy management. Located near an existing Aptar facility in Annecy, France, Reboul offers close proximity to leaders in the global prestige beauty industry.

Commenting on the transaction, Stephan Tanda, Aptar President and CEO said, “We are excited to announce this strategic acquisition which better positions us to further participate in the attractive growth of the color cosmetics market. This opportunity follows our disciplined approach of acquiring leading, recognized players with innovative technologies and know-how where we can also leverage the breadth of our commercial and manufacturing networks. The combination of Aptar’s scale and Reboul’s distinctive capabilities is compelling, and it will enable us to further expand our distinctive solutions to customers worldwide. We welcome Reboul’s excellent and experienced team to Aptar and look forward to building upon their success together to create a global leader in color cosmetics packaging solutions.”

Download the full press release.

May 2, 2018

Aptar Reports First Quarter Results; Declares Quarterly Dividend

Crystal Lake, Illinois, April 26, 2018 — AptarGroup, Inc. (NYSE:ATR) today reported first quarter results and declared a quarterly dividend.

First Quarter Summary

  • Reported sales increased 17%, including the positive effect of currency rates (+10%)
  • Core sales, excluding currency effects, rose 7% driven by growth in each business segment
  • Reported net income (8% of net sales) increased 14% to $59 million
  • Adjusted EBITDA (19% of net sales) increased 17% to $134 million
  • Reported earnings per share grew 14% to $0.92 and included costs associated with our business transformation ($0.07 per share)
  • Adjusted earnings per share of $0.99 compared to prior year reported earnings per share of $0.81 (+22%) and to prior year currency adjusted earnings per share of $0.90 (+10%)
  • Business transformation progressing as planned

Download the full press release.

April 26, 2018

Aptar's CEO, Stephan Tanda, Attends US-China Business Summit in C...

The Goldman Sachs Group and China Investment Corporation hosted the US – China Business Summit, convening senior business leaders and government officials from China and the US to discuss opportunities to build and strengthen commercial and investment ties between the two countries. Discussions centered on how increased and reciprocal trade and investment relations between the two countries can help businesses grow, find new markets and create jobs. The Summit was held in Chicago on April 17-18, 2018.

The agenda included sessions with key leaders in business and government, including:

  • Henry M. Paulson, Jr., Chairman of the Paulson Institute; Former U.S. Secretary of Treasury,
  • Cui Tiankai, Chinese Ambassador the U.S.,
  • Yin Yong, Vice Mayor, City of Beijing,
  • Penny Pritzker, Former U.S. Secretary of Commerce,
  • Matt Bevin, Governor, State of Kentucky,
  • Scott Walker, Governor, State of Wisconsin,
  • Jiang Zengwei, Chairman of China Council for the Promotion of International Trade and Former China Vice Minister of Commerce, and
  • Wang Xinzhe, Chief Economist, China Ministry of Industry and Information Technology.

Over 100 C-suite executives of US and Chinese companies attended, including Aptar’s CEO, Stephan Tanda. The executives represented a cross-section of the economy with a concentration on industrial, manufacturing, consumer, healthcare and services sectors, with the aim of identifying or expanding commercial connections between the US and China.

“The summit served as a powerful reminder about the evolution of the Chinese economy at a breathtaking pace. In 2018, already 400 million middle class consumers are driving retail sales that are surpassing US retail sales in absolute terms. Entrepreneurship, innovation and intense competition are the driving force everywhere. I was also deeply impressed with the intense interest and rapidly increasing investment of Chinese companies in the US heartland. The universal truth is whether it is Chinese companies investing in the US, or US companies investing in China, success requires top local talent, a deep understanding of local consumers and markets, and an ability to leverage your home country strength into new, innovative products that can win. Despite the headlines, Chinese-US business relationships are flourishing more than ever,” said Tanda.

April 20, 2018

Aptar Food + Beverage and Cheer Pack North America Partner to Lau...

Aptar Food + Beverage, a global leader in innovative dispensing solutions for on-the-go drinks in the beverage market, and Cheer Pack North America (CPNA), a leader in premade spouted pouches, are partnering to launch a “No-Spill” Spouted Pouch solution for the North American market.

The “No-Spill” Spouted Pouch features Aptar’s SimpliSqueeze® valve technology – a top selling valve system with billions of units sold worldwide– in the squeezable CHEER PACK® spouted pouch. The combination of these two consumer-trusted solutions creates an innovative and fun-to-use beverage package for applications such as juice, flavored water, drinkable yogurt, and more.

CPNA is a global partner of GualapackGroup, who together with Aptar Food + Beverage, introduced a premade no-spill spouted pouch solution for the European market in 2017. This unique packaging solution, initially targeted for the juice market, can be efficiently filled and closed using GualapackGroup’s filling lines.

“This is a differentiated solution designed to deliver a superior experience for consumers who want cleanliness and convenience in the form of a spouted pouch,” said Gael Touya, President of Aptar Food + Beverage. “The valve-in-spout design is intended to prevent product spill, which is especially important for on-the-go families who want hygienic, mess-free packaging. This solution is easy and intuitive to use, helping to create an enjoyable and memorable squeeze and drink experience.”

Download the full press release.

April 12, 2018

Aptar's Facilities in Le Vaudreuil and Le Neubourg, France Partic...

For the third consecutive year, Aptar employees at Le Neubourg and Le Vaudreuil in France supported the Industry Week Event on March 27th and 30th. This national event is open to the general public with the objective to allow visitors to view different industries and learn about potential roles within. This year’s event provided an opportunity for visitors, mainly job seekers, to tour Aptar’s facilities and see firsthand our dispensing solutions and meet our talented teams of employees.

April 6, 2018

Aptar Pharma to Lead the Organization of the 7th Innovative Drug ...

Aptar Pharma, a leading provider of innovative drug delivery systems, is a proud co-organizer of the upcoming 7th Innovative Drug Delivery Solutions Symposium (IDDS), taking place on March 28-30 at the SORL Hotel Hangzhou, China.

IDDS takes place every two years and brings together pharmaceutical professionals from around the world to engage on the latest developments in industry regulations, drug delivery and formulation research.

Aptar Pharma experts will showcase their diverse portfolio of drug delivery solutions and latest innovations at a sponsored booth.

Furthermore, four Aptar Pharma experts will be guest speakers across the three days of the symposium, sharing insights into our innovative drug delivery developments and solutions:

  • Guillaume Brouet, President Global Market Development Prescription Division, will present two conference talks during IDDS. “FDA Regulatory Affairs” will take place on March 28 at 14:00, while “Global Nasal Drug Delivery Trends and Device Design” will be presented on March 29 at 13:15
  • Guenter Nadler, Director Business Development – Consumer Health, will present a conference talk entitled “Nasal Saline Global Trends” on March 29 at 15:20
  • Cory Wu, Senior Technical Manager, will present the topic of “Customized Healthy Drug Delivery Devices” on March 30 at 08:30
  • Sai Shankar, Director Business Development – Connected Devices, will present “Driving Better Patient Outcomes with Connectivity”, on March 30 at 10:00.

For more details and further information, please click here to view the full press release.

March 23, 2018

Aptar Recognized as Corporate Champion by the Women's Forum of Ne...

Aptar is proud to be recognized by the Women’s Forum of New York as a company where women make up 30% of our Board of Directors. On November 14, Stephan Tanda, Aptar’s President and CEO, attended the fourth biennial Breakfast of Corporate Champions in New York City, which salutes companies leading the way to gender balance on corporate boards. On behalf of Aptar, Stephan accepted the Corporate Champion award for having women represent 30% of its Board of Directors.

“I am honored to accept this award from the Women’s Forum for having 30% of our board seats held by women,” explained Stephan. “We have a very strong and talented Board of Directors here at Aptar, and this is due to the diversity of our members.”

November 16, 2017

AptarGroup wins Sustainability Initiative of the Year at CPhI Pha...

AptarGroup announced that it was awarded the inaugural Excellence in Pharma: Sustainability Initiative of the Year at CPhI Worldwide 2017. The award was presented as part of the CPhI Pharma Awards Gala, which took place Tuesday, October 24 at the Intercontinental Hotel in Frankfurt, Germany.

Established in 2004, the CPhI Pharma Awards are one of the most prestigious recognitions in the Pharmaceutical industry today. This year’s awards included eight new categories to further reflect the industry’s diversity. The Sustainability Initiative of the Year is one of this year’s new categories. There were over 200 entries across the 19 award categories, and finalists for the awards were announced in August 2017.

Aptar was awarded the Excellence in Pharma: Sustainability Award for its Landfill Free Certification program, a global internal certification program which promotes the efficiencies and conservation of natural resources in a manufacturing setting. Facilities that achieve at least a 90 percent reuse and/or recycling threshold are eligible to receive internal Landfill Free Certification. With more than 40% of Aptar’s manufacturing sites already certified through this program, Aptar has achieved significant accomplishments in waste reduction, cost savings and employee engagement. The program is incorporated as a measurable aspect of Aptar‘s global sustainability strategy and Aptar anticipates more facilities will achieve certification in years to come.

Data from Aptar’s recent customer satisfaction surveys demonstrated the growing importance of sustainability to customers and supply partners. Therefore, Aptar’s internal program further reinforces that Aptar is prioritizing the needs of its customers in line with its own company mission and corporate social responsibility.

Yann Ghafourzadeh, VP, Sales & Operations Europe – Prescription Division, commented, “We are delighted to have been awarded the Sustainability Initiative of the Year at the CPhI Pharma Awards. It is great to be recognised for the progression of Aptar’s Landfill Free Certification program, which has been significant within our global sustainability strategy. We have aligned our program with our customers’ requirements and we are dedicated to responding to what sustainability considerations are important to them. We look forward to further Aptar facilities obtaining the internal Landfill Free Certification in the future.”

Aptar Pharma, a leading provider of drug delivery devices, components and services for the Pharma industry, is one of AptarGroup’s segments. Aptar Pharma was a main exhibitor at CPhI Worldwide 2017, which took place in Frankfurt, Germany from October 24 – 26. For several years, Aptar Pharma has had a significant presence at this major event in the pharmaceutical industry attended by over 42,000 Pharma professionals.

November 7, 2017

VIDEO: Aptar Italia's 'Inspire Me' Graduate Program

Are you looking for an adventure that will challenge and inspire you in order to unlock your full potential?

Are you ready to push yourself, both professionally and personally?

If so, Aptar Italia’s new graduate program is well suited for you!

Aptar Italia’s Graduate Program ‘Inspire Me’ is a 12 month program that combines work experience, study and formal training in order to challenge and facilitate your individual development.

Inspire Me represents a unique opportunity to discover yourself, your strengths and your potential for your future career.

All you need to do is choose the project which suits you the best and submit your application through our Careers page. Aptar business leaders have proposed different projects in several business fields such as: Operations, Maintenance, Information System, Quality, Sustainability and Supply Chain.

If you will meet our selection criteria, you will be able to join our organization, and be involved in our 12 month program.

We invite you to watch the video below (in English with Italian subtitles) which provides more information.

November 6, 2017

AptarGroup Reports Third Quarter Results

Crystal Lake, Illinois, October 26, 2017 – AptarGroup, Inc. (NYSE: ATR), a global leader in innovative packaging technologies that build brand value, today announced its third quarter results.

Third Quarter 2017 Summary

  • Reported sales increased 6% over the prior year driven by 3% core growth and a 3% favorable impact from exchange rates
  • Each business segment achieved core sales growth
  • Lower custom tooling sales negatively impacted the sales growth by 2%
  • Reported net income (9% of net sales) increased to $54 million (+1%)
  • EBITDA (19% of net sales) decreased to $118 million (-4%)
  • Profit margins were negatively impacted by operational challenges at our decorative facility in Europe, higher professional fees, raw material cost increases and certain currency transaction losses
  • Reported earnings per share were $0.83 compared to $0.82 in the prior year (+1%)
  • Compared to the prior year, earnings per share for the current period included certain tax benefits amounting to approximately $0.05 related to foreign tax settlements and $0.01 related to stock-based compensation

Download the full press release.

October 26, 2017

AptarGroup Declares Quarterly Dividend

The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.32 per share. The payment date is November 22, 2017, to stockholders of record as of November 1, 2017.

As previously announced, Aptar will hold a conference call on Friday, October 27, 2017, at 8:00 a.m. Central Time to discuss the Company’s third quarter results for 2017. 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 19, 2017

VIDEO: Aptar Beauty + Home, Your Solutions Partner

For millions of people around the world Aptar brings out the best in the products they use every day. At home, at work, On-the-go, our products make people’s everyday lives easier, safer, more comfortable and more enjoyable.

At Aptar Beauty + Home, we are highly dedicated to innovation, inspired by our customers and end-users. Working with them and combining our skills and expertise is an essential factor in our shared success.

Our mission is about fulfilling the senses and creating a tactile and emotional connection with our solutions. Our innovation puts the future within easy reach allowing you to make it yours.

We invite you to watch the video below to discover what makes Aptar Beauty + Home a global leader and solutions partner of packaging delivery systems for the beauty, personal care and home care markets.

October 10, 2017

Aptar Hosts 10th Annual Analyst Day Event

On September 7, Aptar hosted its 10th annual Analyst Day at the Marriott Marquis in New York City’s Times Square.

Aptar’s senior management team, including: Stephan Tanda, President and CEO; Bob Kuhn, Executive Vice President and CFO; Eldon Schaffer; President of Aptar Beauty + Home; Salim Haffar, President of Aptar Pharma; and Gael Touya, President of Aptar Food + Beverage, provided Wall Street analysts, and investors, with a comprehensive look at key elements of Aptar’s strategy.

They also discussed Aptar’s near-term priorities, financial targets and key initiatives along with macro growth opportunities for the future.

During the meeting, Stephan Tanda explained, “Aptar has a tremendous history with more than 75 years of entrepreneurship. Innovation is at the core of our DNA, driving differentiation and driving solutions for our customers. We are partners with some of the most trusted brands in the world, reaching millions of consumers. We have an expansive portfolio of global products which we tailor into winning local solutions and we are generating strong cash flows and strong returns, along with a pristine balance sheet.”

Mr. Tanda also explained Aptar’s focus on ‘thinking local, leveraging global’ by saying, “In most areas of our business, the decision as to whether we win business or not, is made locally. We have very strong local presence. We understand where the consumer shops, where they live, what, and how, they consume. We understand the local value chain ecosystem and use our local production facilities to develop winning local solutions. Going forward, we’re bringing stronger resources to the regions, including high-growth economies, and increasing the empowerment and accountability of our regional units to drive business growth.”

Mr. Tanda continued by saying, “We have a very robust business model, full of committed people, and a core strategy that is sound yet adaptable to change. I’m excited about driving the future of Aptar with our team.”

The event was webcast live and the presentations by management were followed by a question and answer session with the audience and webcast participants.

The presentation materials from the event, along with a replay of the webcast, can be access on the Investor Relations page of our website, under “Quick Links”.

Aptar’s senior management team participated in a panel question and answer session after presenting information on Aptar’s strategy, key initiatives and macro growth drivers.

September 15, 2017

VIDEO: Aptar is in Your Life

Millions of people around the world rely on Aptar’s dispensing solutions every day. At home, at work and on the go, our products are being used day-in and day-out to make your life better, simpler and safer.

At Aptar, we make it possible for you to conveniently dispense your shampoo, perfume, bottled water, ketchup, cleaning spray and pharmaceuticals, along with many other products that you rely on in your daily life.

Our in-depth consumer and market research, world-class engineering teams, and state of the art manufacturing facilities make our innovative dispensing solutions possible.

We invite you to watch the video below to discover what makes Aptar a global leader in dispensing, sealing and drug delivery solutions.

September 11, 2017

AptarGroup Announces Analyst Day and Confirms Third Quarter Confe...

AptarGroup, Inc. (NYSE: ATR) today announced that the Company will host an Analyst Day in New York City on Thursday, September 7, 2017, beginning at 8:00 a.m. EDT. Senior executives from the Company will speak and then answer questions from a live audience. Interested parties can access the presentation slides and listen live by visiting the Investor Relations page at www.aptar.com. A replay of this event will be available on the website for 30 days.

As previously announced, Aptar plans to report its 2017 third quarter results after trading on the New York Stock Exchange has closed on Thursday, October 26, 2017. Aptar will hold a conference call on Friday, October 27, 2017, at 8:00 a.m. CDT (9:00 a.m. EDT) to discuss the third quarter results. The conference call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page of the Aptar website. Replay of the conference call can also be accessed on the Investor Relations page of the website.

Read the full press release.

August 24, 2017

VIDEO: Aptar Freyung Promotes a Culture of Teamwork

At our location in Freyung, Germany we place emphasis on an open and team oriented culture.

With over 600 dedicated and talented employees in Freyung, our workplace offers you the opportunity to interact with colleagues from around the globe on a daily basis. Building on Aptar’s Core Values, the Freyung team recognizes that each employee is responsible for the company’s success and promotes teamwork and employee engagement throughout the entire organization.

We invite you to watch the video below, in German with English subtitles, to see firsthand what it’s like to work at our Freyung facility. We’re always looking for motivated employees who are enthusiastic about our products, and our company, to join our team! Please visit the Careers section of our website to view current job openings at Aptar.

 

August 18, 2017

Aptar Torelló Receives Sustainable Supplier Award from Nestlé

Nestlé Spain recently organized an event to highlight and recognize suppliers for their sustainability initiatives. Aptar’s Torelló site in Spain was recognized with a Sustainable Supplier Award for the redesign of the “La Lechera” closure, used within packaging for condensed milk. Aptar has produced this closure since 1999, but in 2015 began to work on improving the efficiency of the closure. After studying the product through a lifecycle assessment, Aptar Torelló’s engineering department proposed modifications that would lessen the carbon footprint of the closure.

The site then carried out an additional lifecycle assessment to evaluate the environmental impact after the modification. The improved closure minimizes impact to the environment within all stages of the product lifecycle through reduced consumption of materials and energy. The results showed that the technical improvements allowed for a 20% reduction in CO2. Using the quantity of closures that were shipped to Nestlé in 2016 as a baseline, the total amount of CO2 emissions reductions are 144 tonnes per year. This amount of CO2 is equivalent to the carbon offsets generated by 469 planted trees or the distance driven by 75 cars annually. In addition, the team at Aptar Torelló improved the performance of the closure making it easier and more efficient for consumers to use.

In total, the event led by Nestlé Spain CEO, Laurent Dereux, was attended by 28 Nestlé suppliers each with initiatives targeted at improving the community and the environmental.

Special thanks to Ferran Fornols (fourth from left in photo), Ricard Canal, Nando Cutarella, Michele del Grosso, Jaume Soldevila (third from left in photo) and the entire team at Aptar Torello for their work with the redesign, engineering, and assessment of the closure.

August 11, 2017

AptarGroup Reports Second Quarter Results

Crystal Lake, Illinois, July 27, 2017 — AptarGroup, Inc. (NYSE:ATR) today announced its second quarter results.

Second Quarter 2017 Summary

  • Reported sales were in line with the prior year
  • Excluding the negative impact from changes in foreign currency exchange rates, core sales increased 1% as robust core sales growth in the Pharma and Food + Beverage segments offset a decline in Beauty + Home
  • Reported net income (11% of net sales) increased to $65 million (+10%) primarily due to a lower effective tax rate
  • EBITDA (20% of net sales) decreased to $124 million (-7%) primarily due to decreases in business in certain markets and higher raw material costs
  • Reported earnings per share were $1.01 compared to $0.91 reported in the prior year (+11%) and $0.90 in the prior year when adjusting for changes in currency exchange rates (+12%)
  • Current period earnings per share included certain tax benefits equivalent to $0.09 per share related to stock-based compensation and $0.05 per share primarily related to the Company’s planned cash repatriation activities

Download the full press release.

July 27, 2017

AptarGroup Declares Quarterly Dividend

The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a quarterly cash dividend of $0.32 per share. The payment date is August 16, 2017, to stockholders of record as of July 26, 2017.

As previously announced, Aptar will hold a conference call on Friday, July 28, 2017, at 8:00 a.m. Central Time to discuss the Company’s second quarter results for 2017. 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 13, 2017

AptarGroup Releases 2016 Corporate Sustainability Report

AptarGroup, Inc. (NYSE: ATR), a leading global dispensing and sealing solutions provider, today released its 2016 Corporate Sustainability Report. The 2016 Report is based on the Global Sustainability Reporting (GRI) Standards: Core Options, as released in October 2016. It highlights the sustainability initiatives and activities that took place across Aptar’s global business. 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 2016, Aptar implemented a GRI-based scorecard which allows the Company to better measure and promote its sustainability performance in the areas most important to its employees, customers and shareholders. The GRI-based scorecard is championed by a cross-functional steering committee that works with each area of the business to monitor progress using key performance indicators.

Aptar has many passionate employees around the world who support and further the Company’s sustainability progress in the communities where they live and work. “I am extremely pleased with the progress our employees made in 2016 and the areas we have identified for improvement. We now have an increased ability to measure and analyze our performance so that we can strengthen our commitment to people, products and the planet,” said Stephan Tanda, President and CEO. “I look forward to continuing our sustainability journey and to sharing our stories along the way.”

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.

May 31, 2017