Crystal Lake, Illinois, August 27, 2018 — AptarGroup, Inc. (NYSE:ATR) today announced it has completed the previously announced acquisition of CSP Technologies S.à r.l. (CSP Technologies), a leader in active packaging technology based on proprietary material science expertise.
As previously reported, this strategic transaction meets Aptar’s disciplined criteria for acquiring companies with strong positions in attractive markets, proprietary technologies, solid margins and robust growth fundamentals. Aptar looks forward to growing CSP Technologies’ existing business in the Pharma and Food Safety markets, and leveraging their active packaging and material science know-how in other end markets.
Stephan Tanda, President and CEO, commented, “As anticipated, the closing of the CSP Technologies acquisition went smoothly and we welcome CSP Technologies’ experienced team to Aptar. We will begin to integrate CSP Technologies into our global network and together we will continue to develop value-creating, differentiated solutions as a global leader in packaging solutions.”
There will be a conference call on Friday, October 26, 2018 at 8:00 a.m. Central Time to discuss Aptar’s third quarter results for 2018. The call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page at www.aptar.com. Replay of the conference call can also be accessed for a limited time on the Investor Relations page of the website.