AptarGroup, Inc. (NYSE:ATR) today announced that it has acquired the equipment, inventory and intellectual property of CCL Industries Inc.’s ABS “Bag-on-Valve” business for a purchase price in cash of approximately CDN$9.4 million. CCL’s Bag-on-Valve business had revenues of approximately CDN$9 million in 2007.
Commenting on the acquisition, Peter Pfeiffer, President and CEO of AptarGroup said, “This strategic asset acquisition provides us with additional capacity in the growing Bag-on-Valve niche of our Beauty & Home segment. We also welcome the opportunity to serve existing CCL Bag-on-Valve customers. These assets will be relocated to one of our U.S. facilities.”
AptarGroup, Inc. is a leading global supplier of a broad range of innovative dispensing systems for the personal care, fragrance/cosmetic, pharmaceutical, household and food/beverage markets. AptarGroup is headquartered in Crystal Lake, Illinois, with manufacturing facilities in North America, Europe, Asia and South America. For more information, visit the AptarGroup web site at www.aptargroup.com.
This press release contains forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on management’s beliefs as well as assumptions made by and information currently available to management. Accordingly, the Company’s actual results may differ materially from those expressed or implied in such forward-looking statements due to known or unknown risks and uncertainties that exist including, but not limited to, those related to overall business conditions in the various markets in which the Company operates, the competitive marketplace, fiscal and monetary policy, changes in foreign exchange rates, direct or indirect consequences of acts of war or terrorism, labor relations and other risks and uncertainties discussed from time to time in the Company’s filings with the Securities and Exchange Commission, including its Form 10-K’s and 10-Q’s. Readers are cautioned not to place undue reliance on forward-looking statements.
Contacts:
Stephen J. Hagge
815-477-0424
