All posts by Kristin Schmotzer

Aptar’s Stephan Tanda Participates in e-Commerce Panel

Aptar president and CEO Stephan Tanda spoke at the Bank of America Merrill Lynch 2018 Global Agriculture & Materials Conference last week. The conference, which took place on February 28, in Fort Lauderdale, Florida, brought together leaders from across the packaging and shipping industries to discuss the biggest trends and challenges facing companies today.

Stephan was part of a four-person thought leadership panel that discussed and answered questions on the subject of e-commerce and the impacts of the dynamic direct-to-consumer shipping movement. CEOs and executives from other industry leading companies, including Hudson Windsor and Sealed Air, joined him on the panel, which spurred a robust conversation about how e-commerce is changing the way businesses think about packaging.

Stephan talked about evolving customer needs and preferences, such as the growing demand for streamlined packaging that allows products to be more easily and efficiently shipped to consumers. He also spotlighted the rigorous tests being conducted by supply chain leaders and brand owners when it comes to packaging performance in the challenging e-commerce channel. He stated, “We are speaking about very different touchpoints in the new supply chain. We may have 5 touchpoints in a traditional retail supply chain, and now we have to test for 20 collision points in the new e-commerce supply chain.”

Stephan also described how Aptar is helping customers understand and address the changing needs of the supply chain through innovation. For example, Aptar has several existing technologies and is developing new solutions to address e-commerce needs including Aptar’s Bonded Aluminum to Plastic (BAP®) sealing solution. BAP can reduce the amount of material used in the closure and container, which makes the product lighter and easier to ship. BAP is also counterfeit deterrent, which enables greater safety and quality control, and has a secure seal, which reduces the risk of the product leaking or spilling. He added, “E-commerce is allowing us to engage with our customers in a new way. It really creates a whole new conversation with the brand owners and that is driving innovation. We always love to discuss our innovation when we talk to our customers.”

Aptar’s name is derived from a Latin word meaning to be adaptable, to become the best fit for the situation. Aptar will continue to invest in and develop new dispensing and sealing technologies to adapt and meet the changing needs of the market, our customers and consumers round the globe.

Photo: Aptar president and CEO Stephan Tanda (second from right), participates in a panel discussion on the challenges and opportunities in the dynamic e-Commerce supply chain at the Bank of America Global Agriculture & Materials Conference held February 28, 2018.

March 7, 2018

Valvoline Selects Aptar to Bring a Better Consumer Experience to ...

Valvoline™ set out to make changing oil easier, faster and cleaner for users of its Do It Yourself “DIY” motor oil products with their new, highly functional five-liter “Easy Pour Bottle” package. An exceptional user experience was at the heart of the bottle’s development, as Valvoline invited consumers to share feedback throughout the process, which was used to inform the most user-friendly package design possible.

Once a package design was in place, Valvoline engaged Aptar for their expertise and patented technologies to ensure seamless oil distribution and a positive user experience from start to finish. The new package features a low-profile dispensing pour spout with a built-in drain back feature and resealable, easy grip overcap.

It also features Aptar’s BAP® (Bonded Aluminum to Plastic) technology, which uses an aluminum liner to permanently weld the closure to the container. By incorporating BAP, which was critical to bringing Valvoline’s unique vision for the packaging to life, Aptar was able to deliver:

  • Innovative design that would be impossible with other materials. The bottle neck finish was optimally designed without the use of traditional threads, allowing for an eye-catching lower profile closure and material savings. In addition, BAP allowed for the incorporation of a swooping brand design that could not have been achieved with a threaded solution.
  • Superior sealing performance that offers leak-proof security during transport, allowing the package to pass the most rigorous ISTA e-commerce requirements, including changes in air pressure, drop test and packaging inversion, among others.
  • Improved security thanks to an integrated tamper evident pull-ring for consumer assurance. The full package liner is counterfeit deterrent, which is a priority in the motor oil industry to maintain product integrity and prevent loss or damage.
  • Enhanced convenience, as the BAP pull-ring enables a smooth and repeatable opening experience without the need of extra tools.

Besides BAP Technology, the dispensing spout utilizes Aptar’s patented anti-drip feature, which when coupled with the bottle’s anti-glug feature, allows for an easy, clean pour without the use of a funnel.

To learn more about Valvoline’s new Easy Pour package features, please visit, https://team.valvoline.com/easypour,or send an email to newsroom@aptar.com.

™ Trademark, Valvoline or its subsidiaries, registered in various countries

February 26, 2018

Aptar and Adapt Pharma Donate 5,000 Doses of NARCAN® to Opioid C...

Over the past decade, opioid overdoses have killed nearly 11,000 people in Illinois, and the crisis continues to take a toll on the community. In 2016 alone, nearly 2,000 people died of opioid overdoses in Illinois, an 82 percent increase in just three years.

Community leaders are spearheading the charge to combat the epidemic by raising awareness of substance abuse and working to provide life-saving solutions to those who need it most.

To support the fight, Aptar and Adapt Pharma donated 5,000 doses of NARCAN® (naloxone) Nasal Spray, which can reverse the effects of an opioid overdose, to the State of Illinois and McHenry County. With headquarters in Crystal Lake, Illinois, Aptar recognized the need in its home state – and its home county of McHenry – for increased access to NARCAN®.

Of the donation, 4,000 doses went to Illinois Governor Bruce Rauner’s Opioid Overdose Prevention and Intervention Task Force and 1,000 doses went to the McHenry County Substance Abuse Coalition. The doses will largely benefit Illinois State Police in the line of action, and the Illinois criminal justice system, giving parole agents a tool to help save lives in the field. Additional doses will support Chicago Recovery Alliance’s mission of harm reduction, as well as education and distribution programs in McHenry County.

The donations were presented to Governor Rauner’s Task Force in a ceremony at the Chicago Recovery Alliance on February 8. Aptar CEO Stephan Tanda joined Governor Rauner and Lieutenant Governor Evelyn Sanguinetti, along with other key experts and leaders, to discuss the impact of the crisis, the mission of the Governor’s Task Force, and how donations like the one made by Aptar and Adapt provide a critical treatment option to those on the front lines.

A second ceremony was held on February 9 at the McHenry County Sheriff’s Office. Tanda was joined by State’s Attorney Patrick Kenneally and McHenry County Substance Abuse Coalition Chairman, Jason Sterwerf, along with other community leaders.

Aptar and Adapt’s industry-first, FDA-approved, needle-free nasal spray device does not require assembly or specialized training, which means a dose of NARCAN® can be easily and quickly administered by anyone, anywhere. First responders can instantaneously deliver naloxone, instead of spending precious time fiddling with a syringe and needle. Time is critical when someone’s life is on the line, and Aptar and Adapt’s faster drug delivery innovation increases the chance of reversing the effects of an opioid overdose and saving a life.

NARCAN® Nasal Spray is not a substitute for emergency medical care, and repeat applications may be necessary. Seek emergency medical assistance immediately after initial use, keeping the patient under continued surveillance.

Click here to download the full press release. For more information, please email newsroom@aptar.com.

(Photo L-R: Patrick Finlon, Cary Grove Chief of Police; Matt DellaMaria, SVP, Investor Relations & Communications, Aptar; Jason Sterwerf, Chairman, McHenry County Substance Abuse Coalition; Stephan Tanda, President and CEO, Aptar; Laura Crain, Director, McHenry County Substance Abuse Coalition; Laura Fry, Director, Live4Lali; Leslie Schermerhorn, Superintendent, McHenry County Regional Office of Education; Patrick Kenneally, McHenry County State’s Attorney; Bill Prim, McHenry County Sheriff)

February 13, 2018

Aptar Reports Fourth Quarter and Annual Results

Crystal Lake, Illinois, February 12, 2018 — AptarGroup, Inc. (NYSE:ATR) today reported fourth quarter and annual results for 2017. The Company also announced details of its business transformation plan and affirmed its long-term financial targets.

Fourth Quarter Summary

  • Reported sales increased 16% driven by robust core sales growth in each business segment (+ 10%) and the positive effect of currency rates (+ 6%)
  • Core sales increased in each end market and in each region
  • Reported net income (8% of net sales) was $50 million (equal to the prior year)
  • Adjusted EBITDA (19% of net sales) increased to $118 million (+ 9%)
  • Reported earnings per share of $0.77 (equal to the prior year) included negative impacts of recently enacted tax reform legislation
  • Comparable adjusted earnings per share of $0.81 vs. $0.77 in the prior year (+ 5%)
  • Business transformation plan to drive growth and yield annual recurring incremental EBITDA of approximately $80 million by the end of 2020 with implementation costs expected to be approximately $90 million

Annual Summary

  • Reported sales increased 6% to $2.5 billion primarily from core sales growth in each business segment (+ 4%), positive effect of currency rates (+ 1%) and the effects of an acquisition completed in early 2016 (+ 1%)
  • Reported annual net income (9% of net sales) increased to $220 million (+ 7%)
  • Adjusted annual EBITDA (19% of net sales) of $475 million (slight decrease)
  • Reported annual earnings per share of $3.41 vs. $3.17 in the prior year (+ 8%)
  • Comparable adjusted annual earnings per share of $3.44 vs. $3.26 in the prior year (+ 6%)
  • Paid increased annual dividend for the 24th consecutive year

Download the full press release.

February 13, 2018

Aptar Welcomes Two New Members to its Board of Directors

Aptar elected Craig Owens and Jesse Wu to its Board of Directors, effective February 1, 2018. Both Mr. Owens and Mr. Wu are standout appointments with specialized experiences and insights that align with Aptar’s ongoing business strategy and objectives.

Mr. Owens, for example, is no stranger to the food and beverage industries, having served as Chief Financial Officer and Administrative Officer of Campbell Soup Company. He was also the Chairman of the company’s Operating Committee. During his tenure in those roles, the company completed a number of high value transactions, including the $1.6 billion acquisition of Bolthouse Farms, one of Campbell’s largest acquisitions to-date.

Earlier in his career, he worked for Cocoa-Cola as Region Director of Italy, Austria and Switzerland. Mr. Owens also currently serves on the Boards of Dean Foods, United States Cold Storage and J.C. Penny.

Food and beverage are high priority markets for Aptar, and Mr. Owen’s deep expertise will be invaluable as the Company continues to forge growth in those spaces.

Mr. Wu advises private equity firms and previously held senior leadership roles at Johnson & Johnson, including Chairman of Johnson & Johnson China and Worldwide Chairman of the company’s Consumer Healthcare Division. He oversaw the $15 billion Consumer and OTC business, and led the $300 million integration of Beijing Dabao Cosmetics Co., Ltd. to further expand the company’s presence in the Chinese market.

He currently serves on the Board of the A2 Milk Company, which is dual listed on the Australia and New Zealand Stock Exchanges. He also serves on the Board of Shanghai Kehua Bio-Engineering, which is listed on the Shenzhen Stock Exchange, and on the Board of Li Ning Company Limited, which is listed on the Hong Kong Stock Exchange.

His knowledge of Asian markets and high growth economies worldwide will prove critical as Aptar continues to prioritize penetrating and deepening its footprint in these regions.

The Board is pleased to welcome Mr. Owens and Mr. Wu, and looks forward to the contributions they will make as Aptar continues to deliver value to its customers and shareholders.

Click here to download the full press release, or contact newsroom@aptar.com for more information.

(Photo: L – Mr. Craig Owens; R – Mr. Jesse Wu)

January 24, 2018

Aptar Chairman King Harris to Retire, George Fotiades Appointed S...

After 40 years of insightful guidance and dedicated oversight, Aptar Chairman of the Board King Harris will retire, effective May 2, 2018. Mr. Harris oversaw Aptar’s predecessor businesses when they were part of Pittway Corporation where he played a critical role in fostering the original vision for Aptar. He has served on Aptar’s Board since it became a stand-alone public company in 1993 and was appointed Chairman of the Board in 1995.

His tireless leadership nurtured new thinking and shaped Aptar into a leading provider of dispensing and drug delivery solutions. He leaves an important legacy at Aptar that will continue to play a role in cultivating a company culture of success and innovation.

Aptar’s Board of Directors has elected current director, George Fotiades, to replace Mr. Harris upon his retirement. A member of the company’s Board since 2011, Mr. Fotiades is an accomplished leader, having previously served as president and chief operating officer of Cardinal Health, Inc., and in various leadership positions at Fortune 500 companies, including Bristol-Myers Squibb and Procter & Gamble.

With a deep understanding of Aptar’s strategy, markets and competitive advantages, Mr. Fotiades has been a valued member of the Board and is well-positioned for the role of Chairman.

In the coming months, Mr. Harris and Mr. Fotiades, along with the rest of the Board, will work together to ensure a seamless transition. The Board is grateful for Mr. Hariss’ valued leadership and looks forward to continued success under Mr. Fotiades’ direction.

Click here to download the full press release, or email newsroom@aptar.com for more information.

(Photo: L – Mr. King Harris; R – Mr. George Fotiades)

January 22, 2018

AptarGroup Announces Quarterly Conference Call and Annual Meeting...

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 2017 Results February 12, 2018 February 13, 2018, at 8:00 a.m. CT
1st Quarter 2018 Results April 26, 2018 April 27, 2018, at
8:00 a.m. CT
2nd Quarter 2018 Results July 26, 2018 July 27, 2018, at
8:00 a.m. CT
3rd Quarter 2018 Results November 1, 2018 November 2, 2018, 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 2018 Annual Meeting of Stockholders will be held at the offices of Sidley Austin LLP, One South Dearborn Street, Chicago, Illinois, on May 2, 2018, at 9:00 a.m. CT. The record date for stockholders entitled to vote at the meeting is March 9, 2018.

 

January 3, 2018