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AptarGroup Announces Acquisition.


CRYSTAL LAKE Crystal Lake, city (1990 pop. 24,512), McHenry co., NE Ill., in a farming area; inc. 1874. Electrical components, tools, plastics, and machinery are manufactured., Ill. -- AptarGroup, Inc. (NYSE:ATR) today announced that it has entered into an agreement to acquire the assets of dispensing closures maker CCL CCL - Cable Coupling Link
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 Dispensing Systems, LLC, a wholly owned subsidiary of CCL Industries Inc. The assets to be acquired are located in Libertyville Libertyville, village (1990 pop. 19,174), Lake co., NE Ill., in a lake area; inc. 1882. Paper products and electronic equipment are made. Adlai E. Stevenson had a home there. A naval training station is nearby., Illinois. The purchase price will be approximately $21 million in cash. CCL Dispensing's annual revenues are approximately $22 million. The acquisition is expected to be completed in early February.

Commenting on the acquisition, Carl A. Siebel, President and CEO of AptarGroup said, "We know this business quite well. They are an established closures manufacturer and have performed well for us in the past as a contract molder. This acquisition allows us to expand our customer base and better serve our closures customers with added capacity, manufacturing expertise and additional product lines."

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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Article Type:Company Profile
Geographic Code:1USA
Date:Jan 24, 2006
Words:354
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