All posts by Katie Reardon

AptarGroup Announces 2015 Quarterly Conference Call and Annual Me...

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.

Press Release(1) Conference Call(2)
4th Quarter and Annual 2014 Results February 5, 2015 February 6, 2015 at 8:00am CT
1st Quarter 2015 Results April 30, 2015 May 1, 2015 at 8:00am CT
2nd Quarter 2015 Results July 28, 2015 July 29, 2015 at 7:00am CT
3rd Quarter 2015 Results October 29, 2015 October 30, 2015 at 8:00am 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 AptarGroup website at www.aptar.com.  Replay of the conference call can also be accessed on the Investor Relations page of the website.

ANNUAL MEETING

The Board also announced that the 2015 Annual Meeting of Stockholders will be held at the offices of Sidley Austin LLP, One South Dearborn Street, Chicago, Illinois, on May 6, 2015, at 9:00 a.m. CT.  The record date for stockholders entitled to vote at the meeting is March 12, 2015.

Download the full press release. For more information, please visit Aptar’s Investor Relations webpage.

January 9, 2015

AptarGroup Announces $250 Million Accelerated Share Repurchase

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–Dec. 17, 2014–AptarGroup, Inc. (NYSE: ATR) announced that it has entered into an agreement to repurchase approximately $250 million of its common stock under an accelerated share repurchase program (the “ASR program”). The ASR program is part of AptarGroup’s $350 million share repurchase authorization announced on October 30, 2014. AptarGroup will pay $250 million to Wells Fargo Bank N.A. in exchange for approximately 3.1 million shares, currently estimated to represent approximately 80% of the total number of shares expected to be purchased in the ASR program based on current market prices. The ultimate number of shares to be repurchased under the ASR program will be based on the volume-weighted average price of AptarGroup’s common stock during the term of the ASR program, less a discount.

AptarGroup completed a note purchase agreement for the private placement of $475 million in Senior Notes to institutional investors and expects to use proceeds from this private placement for the ASR program and to refinance existing debt.

“Share repurchases are an important element of our capital allocation strategy,” said Stephen Hagge, President and Chief Executive Officer. “Our strong financial condition allows us to take advantage of the current favorable interest rate environment, better optimize our capital structure, and return value to shareholders with this $250 million accelerated repurchase.”

The private placement of $475 million in Senior Notes is expected to be funded on two dates. An initial funding of $250 million was completed yesterday and includes two maturity tranches, with $125 million of 3.49% Senior Notes due in December of 2023 and $125 million of 3.61% Senior Notes due in December of 2025. A second funding of $225 million is expected to occur in February of 2015 and will be comprised of $100 million of 3.49% Senior Notes due in February of 2024 and $125 million of 3.61% Senior Notes due in February of 2026.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The securities have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws.

Download the full press release. For more information, please visit Aptar’s Investor Relations webpage.

December 18, 2014

Aptar’s New Hot Fill Solution in a Two Inch Snap Top

Aptar Food + Beverage expands our offerings in the inverted product line in North America with a new solution for hot fill applications. The two inch Classic closure now has the option to add drainholes in the finger recess and by the hinge to allow air to pass through and reduce moisture inside of the closure during the filling process.

Bottle Rendering Grouping - red

Jams, jellies and syrups are the perfect application for this new configuration.  The drainholes are available in the two inch Classic Snap Top 38-400 with RediSpread™ orifice, and the .375 inch and .615 inch standard orifices are available at a minimum annual volume requirement.

Aptar Food + Beverage offers a wide selection of dispensing solutions.  For more information, visit www.aptar.com.

December 2, 2014

Bob Kuhn, Finalist for Chicago CFO of the Year®

Bob Kuhn Selected as Finalist for Chicago CFO of the Year®

Aptar proudly congratulates Bob Kuhn, Executive Vice President and CFO, on being selected as a finalist for the 2014 Chicago CFO of the Year® award.

FEI Chicago Chapter’s Chicago CFO of the Year® Awards honor senior financial leaders who have made contributions to a business or non-profit in Chicago with quality, insight and direction. During FEI’s networking and awards gala on November 20, awards were presented in five categories: large public, mid-size public, large private, mid-size private, and not-for-profit. Bob was selected as a finalist in the large public company category and we congratulate him on this outstanding achievement.

Learn more about the Chicago CFO of the Year® Awards.

Updated on November 26, 2014

November 13, 2014

Meet Iris, an Assembly Team Specialist at Aptar

Iris K. is an Assembly Team Specialist and Employee Representative at Aptar

Providing open communication channels and encouraging employees to share ideas is central to solving problems and maintaining a smooth production process here at Aptar. We rely on employee representatives like Iris to help facilitate discussions and encourage innovation, especially on the assembly floor. With over 29 years of experience working for Aptar in Radolfzell, Germany, Iris is a critical member of our global assembly team.

What are your job responsibilities?

I handle a number of responsibilities, including assigning workers to equipment and machinery stations, monitoring orders, and using our relational database system to provide feedback of production and material data.

What do you like best about your job?

The people! The daily interaction with employees in the assembly process, from the mechanics, to the Quality Authority members, and all other departments, is what I like most and what makes me happy at my job. We all spend a lot of time at work, so doing something you love is important. I am fortunate enough to have this opportunity at Aptar. There is so much flexibility here, whether in designing my daily job responsibilities or by learning new things. Going to work with a smile is the most important thing and most of the time I succeed.

What’s the most exciting product or project you’ve worked on?

The new bag-on-valve technology department at Radolfzell has been incredibly rewarding. Bag-on-valve systems hold the product separate from the propellant, insuring product purity. This fast-filling design uses compressed air or nitrogen outside the bag for eco-friendly dispensing. The process of navigating through setbacks and successes, daily ups and downs, and the continual learning of new concepts has demanded considerable strength and effort. Everyone is on board with propelling this project to success, and this effort is what brings new perspectives to Aptar every day.

How does Aptar encourage and support innovation?

Above all, Aptar seeks and promotes innovation by developing individual initiative.

Instead of requiring us to stick with the old methods, we are encouraged to try something different, even though it may mean making a mistake. In Radolfzell, with all the new production processes, this approach is more important than ever.

Visit our Careers website to learn about employment opportunities at Aptar.

 

November 7, 2014

AptarGroup Reports Record Third Quarter Revenues and Earnings Per...

AptarGroup Reports Record Third Quarter Revenues and Earnings Per Share, Announces New $350 Million Share Repurchase Authorization

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–Oct. 30, 2014–AptarGroup, Inc. (NYSE:ATR) today reported record third quarter revenues and earnings per share. AptarGroup also announced that its Board of Directors authorized the repurchase of up to $350 million of the Company’s common stock. This new authorization replaces all previous authorizations.

Third Quarter 2014 Summary

  • Reported sales increased 5% to $652 million (core sales excluding currency effects increased 6%)
  • Sales increased in each business segment and each geographic region
  • Food + Beverage sales surged 25% over the prior year supported by strong growth in Asia and Latin America and increased custom tooling sales
  • Reported earnings per share rose 9% to $0.73 compared to $0.67 in the prior year
  • Compared to previously disclosed earnings per share guidance, earnings per share were negatively impacted by changes in currency exchange rates by approximately $0.02 per share
  • Current year earnings per share included a negative impact of $0.01 per share related to tax provision items and prior year earnings per share included a negative impact of $0.03 per share related to restructuring initiatives
  • Comparable year on year adjusted earnings per share rose 6% to $0.74 compared to $0.70 in the prior year

Download the full press release. For more information, please visit Aptar’s Investor Relations webpage.

October 30, 2014

AptarGroup Declares Quarterly Dividend

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)–Oct. 23, 2014– The Board of Directors of AptarGroup, Inc. (NYSE: ATR) has declared a quarterly cash dividend of $0.28 per share. The payment date is November 26, 2014, to stockholders of record as of November 5, 2014. Download the full press release.

Upcoming Conference Call

As previously announced, AptarGroup will host a conference call on Friday, October 31, 2014 at 8:00 a.m. Central Time to discuss third quarter results for 2014. The Company plans to announce its third quarter results after trading on the New York Stock Exchange has closed on Thursday, October 30, 2014. 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 on the Investor Relations page of the website.

October 30, 2014

Aptar Shows Off McHenry Facility to Students for National Manufac...

Story: Brett Rowlandbrowland@shawmedia.com

Photo: H. Rick Bamman – hbamman@shawmedia.com

AptarGroup opened its doors to students for National Manufacturing Day on October 3. Prairie Ridge High School students put on white coats, hair nets and safety goggles to see how AptarGroup’s 50,000-square-foot McHenry, Illinois facility makes 900 million products a year – including the valves and over caps that go on a variety of beauty and home products such as spray-on sunscreen.

John Washabaugh, director of manufacturing at the McHenry plant, walked students through the manufacturing process and touched on everything from quality control and safety to production costs and sustainability.

“I hope they see the stigmas about manufacturing aren’t true,” Washabaugh said after showing students a one-of-a-kind manufacturing machine.

For many students, the tour did just that.

“When you think of a factory, you think it will be dirty and scary,” said Jessica Caravello, a 17-year-old Prairie Ridge student who toured the plant with students from an engineering class. “But this was modern and clean and full of machines and technology.”

Read the full article at nwherald.com.

Photo: Prairie Ridge High School students (from left) Carson Getzelman, Cole Luehr and Zach Blakewell tour the Aptar facility in McHenry during Manufacturing Day. The annual event is designed to expose students to broad spectrum of careers in manufacturing and change perceptions about what it’s like to work in the manufacturing industry.

October 14, 2014

Aptar Provides Innovative Dispensing Solutions

Vision inspired. Values based. Leadership driven. At Aptar, our core values lie at the heart of our ability to envision, engineer and produce dispensing solutions that improve the lives of millions of consumers across the globe. We make it possible for you to conveniently dispense your shampoo, perfume, bottled water, ketchup, cleaning spray and pharmaceuticals, along with thousands of other products that you rely on each year.

With nearly 13,000 employees in 18 countries dedicated to adapting to and innovating around ever-changing market needs; Aptar’s customer oriented approach has made us a global leader in the dispensing and packaging industry. Our proprietary knowledge, technical expertise, and persistent emphasis on innovation allow us to provide customers with unique, state of the art products in markets such as prescription drug, consumer health care, injectables, beauty, personal care, food, beverage and home care.

Visit our Careers website to learn about employment opportunities at Aptar.

September 25, 2014

AptarGroup Hosts Analyst Day in New York City

AptarGroup  hosted an Analyst Day in New York City on Thursday, September 11, 2014, providing analysts with an in-depth look at Aptar’s product offerings, financial results and plans for the future. Senior executives from the company also answered questions from the audience and demonstrated the innovative dispensing solutions provided by Aptar’s Beauty + Home, Food + Beverage and Pharma segments. In addition to the meeting, some attendees of the event also participated in a tour of Aptar Congers facility in New York, which molds and assembles prescription nasal pumps, actuators and sublingual unit dosing devices.

 “Aptar had a good first half of the year with  broad-based sales growth across our diversified business,” explained Steve Hagge, President and CEO, AptarGroup. “Each business segment is reporting first half core sales growth and we are up in each of the eight end markets we serve. We also entered or expanded in several new market categories including liquid concentrated flavoring, infant formula, ophthalmics,  over the counter nasal rhinitis treatments and concentrated cleaners.”

Interested parties can access the Analyst Day presentation slides and listen to the recorded webcast by visiting the Investor Relations page of AptarGroup’s website at www.aptar.com. As previously announced, AptarGroup plans to report its 2014 third quarter results after trading on the New York Stock Exchange has closed on Thursday, October 30, 2014. AptarGroup will hold a conference call on Friday, October 31, 2014, 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 AptarGroup website. Replay of the conference call can also be accessed on the Investor Relations page of the website.

Congers2

Photo: Aptar Pharma products on display as part of a tour of the Aptar Congers facility in New York on September 11.   

September 18, 2014

Meet Katka P., a Supply Chain Manager at Aptar

With locations in 20 countries and customers that span the entire globe, ensuring the right materials and products are in the right hands at the right time has become an increasingly complex task. Here at Aptar, we rely on talented and innovative logistics specialists like Katka to ensure our operations remain in step with the production process.

What are your job responsibilities?

As a Supply Chain Manager, I’m involved in customer service, purchasing, production, planning, shipping and warehousing. I’m also responsible for relational database management.

What do you like best about your job?

Since joining Aptar 18 years ago, I’ve had the opportunity to work in almost all of our commercial departments as well as our production planning department. I’ve left a piece of my heart in all of them.

I’m always excited to work with my colleagues, and we are fortunate enough to work in a place surrounded by the beautiful nature of the South Bohemian forest of the Czech Republic. I invite you to visit our plant, just plug these coordinates into your navigation system: 49°06’47.5″N 13°50’15.4″E.

How would you explain Aptar’s culture?

We believe in people as individuals, and we know the power of teamwork and cooperation. Aptar engages employees and we are encouraged to take the initiative while maximizing our creativity and potential. We are all responsible for promoting Aptar’s continued growth through an emphasis on effectiveness and a focus on customer satisfaction.

Can you explain the international aspect of the work you do?

More than 90 percent of our sales come from customers outside my country. In order to facilitate international sales, all of our customer service representatives speak at least three languages: Czech, German and English.

How does Aptar encourage and support innovation?

For many years we’ve encouraged our employees to participate in our innovative ideas program. It’s open to everybody regardless of job position or experience. Over time, it has proven to be the right approach to encourage employees to bring forth new ideas that will improve our products, processes and services.

Visit our Careers website to learn about employment opportunities at Aptar.

September 15, 2014

Aptar Releases Corporate Sustainability Overview

AptarGroup, Inc. recently released its 2013 Corporate Sustainability Overview. The report highlights AptarGroup’s ongoing work to reduce waste to landfills, water consumption and greenhouse gas emissions. AptarGroup is also focused on developing innovative product solutions that use fewer resources and require less packaging.

“The Sustainability Overview provides several examples of our on-going environmental, social and economic sustainability efforts.” said Steve Hagge, President and CEO, AptarGroup. “We are proud of our commitment to manage our businesses with respect for people, nature and future life on earth.”

Wherever possible, AptarGroup is engineering solutions with enhanced sustainable features and proudly partners with customers and suppliers to identify ways to reduce the environmental footprint throughout the packaging supply chain. Its global workforce supports sustainability programs and certifications around waste reduction and product Life Cycle Assessments. AptarGroup’s social sustainability efforts focus on the professional development of employees, in addition to supporting the communities where they live and work. AptarGroup is committed to preserving the environment and continuously invests in research and development to provide new, innovative dispensing solutions that improve the lives of millions of consumers. To minimize paper waste, AptarGroup encourages readers to view the Corporate Sustainability Overview at www.aptar.com/sustainability-overview.

August 1, 2014

Supporting the Communities Where We Live and Work

We understand that we have an effect on people, beyond our own employees. For this reason Aptar facilities partner with community organizations on philanthropic events.

We also manage our businesses with respect to nature and future life on earth. Each year, many Aptar facilities proudly celebrate Earth Week by hosting activities to promote environmental awareness including tree planting, local river and ground clean-up, sustainability contests and much more.

As another example of community support, over 230 employees at Aptar’s facility in Alphaville, Brazil teamed with a local charity, Casa da Criança Excepcional Maria Maia, to provide free care to children with severe cerebral palsy and related neurological and physical disabilities. In 2013, the Aptar Alphaville team held numerous fundraisers to provide care for nearly 200 people in need.

With the community in mind, employees from the Mukwonago, Wisconsin facility organized a team which focuses on planning and executing regular community service events. In addition to these events, Aptar Mukwonago supports the community through a relationship with GPS Education Partners, an organization which teams with local businesses to meet the needs of nontraditional high school learners. Educational programs provide students with an opportunity to earn their high school diploma through an integrated learning experience linking academic standards with real-world applications. Each year, Aptar Mukwonago hosts up to three students from Mukwonago High School, providing hands-on technical experience that allows the student to graduate with their peers. Upon graduation, some of the students have joined Aptar Mukwonago as full-time employees, and the company is proud to support them in both their education and career.

 

July 31, 2014

Airless Dispensing with Certified Recyclability

Eden is an all-plastic airless system that offers many consumer benefits. Composed of only one family of plastics, polyolefin, Eden is the first airless dispenser with a certified recyclability. It is well adapted for organic cosmetics because of the conformity of the materials and protection of low preservative formulas. In 2013 it was awarded certification of compliance with Ecocert and Cosmos “Natural and organic cosmetic“ standards.

This is not the only sustainability related accolade the Eden Airless line has received. During an event held in Shanghai, China, hosted by M. Success Media Group, Ltd., Aptar received a 2013 Sustainable Package Technical Award in recognition of the sustainable attributes of the Eden Airless pack. Also, in 2012, Eden received a DuPont Award for Packaging Innovation.

Read more about Eden on our Beauty and Home webpage.

AptarGroup Reports Highest Second Quarter Revenues

AptarGroup Reports Highest Second Quarter Revenues and Record Quarterly Earnings

Crystal Lake, Illinois, July 21, 2014 — AptarGroup, Inc. (NYSE:ATR) today reported its highest level of second quarter revenues and record quarterly earnings per share.

Second Quarter 2014 Summary

  • Reported sales increased 5% from the prior year to $671 million (core sales excluding currency effects increased 4%)
  • Demand was broad-based across all markets with only the injectables market declining compared to the prior year
  • Core sales grew in each region with the exception of the U.S.
  • Currency effects and facility start-up costs in Latin America negatively impacted Beauty + Home’s results by approximately $2 million
  • Reported earnings per share increased to a quarterly record $0.79 from $0.73 in the prior year (comparable prior year earnings per share, excluding charges related to Aptar’s European restructuring plan, were $0.77)

Download the full press release. For more information, please visit on Aptar’s Investor Relations webpage.

July 21, 2014

Aptar Introduces a New Concentrate Dispensing Solution in Europe

Last Updated December 22, 2014

Aptar Food + Beverage is pleased to present its latest development with France’s leading concentrate brand Teisseire.

Aptar and Teisseire, a Britvic Group PLC company, have partnered to develop a customized dosing system which allows consumers to conveniently and intuitively dispense liquid concentrate. The dispensing pump, based on Aptar’s HiFlow platform, is an ideal solution for children. The easy to use dispenser delivers a precise 4ml dose of concentrate with each actuation and to the delight of parent, the dispenser ensures no leaks or spills. Furthermore, this customized dispensing solution prevents any product crystallization from occurring between uses.

This latest innovative product launch has recently gained the attention of several industry trade shows. For example, Teisseire was a finalist at the World Beverage Innovation Awards in the category of Best New Beverage Concept and the product also received the French “Oscar de l’Emballage” award at the Emballage trade show which took place in Paris-Villepinte this past November.

Thanks to Aptar’s extensive technological know-how in closures and dispensing systems, Teisseire’s “Dosing Syrup” is a new and fun experience for the whole family!

If you would like to receive Aptar product samples, please contact us.

July 20, 2014

Aptar's Dispensing Solutions: A Focus on Convenience

At Aptar, we set the pace in developing dispensing technology by combining creativity with technical expertise to craft a highly focused product line. Although you may not be familiar with our name (Aptar is derived from the Latin word Aptare, which means “to adapt”), you likely use our products each and every day. Name brand products rely on our dispensing solutions to provide consumers with the highest level of convenience.

“What makes your life easier?”

By asking this question on a daily basis, our Aptar team is able to create intriguing and innovative solutions for today’s dispensing and closure needs. Now with facilities in over 20 countries, we are committed to recruiting talented, innovation-minded individuals from around the globe to join our growth-oriented organization.

Visit our Careers website to learn about employment opportunities at Aptar.

The video below highlights Aptar’s Lincolnton, North Carolina manufacturing center and offers an introduction to Aptar’s current operations and future vision.

July 14, 2014

Meet Rachid J., a Technical Quality Expert at Aptar

At Aptar, we deliver innovative packaging solutions satisfying the need for convenience, safety, and security. To maintain and continuously improve upon our standard of quality products, we rely on a combination of technical expertise and teamwork at all levels of our organization. As a quality expert and problem solving lead for our Italian operations, Rachid embodies the talent and values central to Aptar’s continued success in the packaging industry.

How would you explain Aptar’s culture?

Aptar’s culture is based on teamwork, collaboration, respect of people and the promotion of multicultural relationships. These values are the basic pillars of life, and Aptar believes in them. Despite coming to Aptar from another country and background, I feel in harmony with my peers here at Aptar.

What’s the most exciting product or project you’ve worked on?

I have recently been involved with innovative projects such as our “20 keys to manufacturing excellence” project, but perhaps the most exciting initiative I have worked on is our Landfill Free project. Aptar’s facilities in Chieti and Pescara, Italy, along with Torelló, Spain, achieved Landfill Free certification as part of their ongoing sustainability efforts. I found it so important that I transferred what I learned from this project to my home so that my kids could understand the significance of the good health of our planet.

What do you like best about your job?

My job at Aptar provides ample opportunities to grow and broaden my knowledge, allowing me to discover my strengths and put my skills to better use.

What advice would you give to new employees joining the company?

Prior to my experience at Aptar, I never thought there could be so many great people and so much hard work behind such a small, but important, product. This realization gives me full confidence in Aptar’s continued success. New employees should take full advantage of this opportunity to work at a great organization and always be open to make the change you wish to see in the world.

Visit our Careers website to learn about employment opportunities at Aptar.

July 8, 2014