AptarGroup signs letter of intent to expand its dispensing closure business in Europe.CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--May 18, 1995--AptarGroup Inc. (NYSE NYSE See: New York Stock Exchange :ATR ATR Achilles tendon reflex, see Ankle reflex ) today announced that it has signed a letter of intent to acquire a minority interest in Loffler Kunststoffwerk GmbH (Loffler). The transaction is expected to be closed in the second half of 1995. Loffler is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. and is the leading manufacturer of dispensing and standard closures serving European customers. The company has manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in Germany and the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. . Commenting on the upcoming acquisition, Ervin J. LeCoque, chairman and chief executive officer said, ``Our association with Loffler will provide Aptar with a strong base in Europe to greatly improve our operational and sales capability to further serve the dispensing closure needs of our European and global customers. It will also provide a vehicle to further penetrate the European market with AptarGroup's extensive product line of dispensing closures.'' AptarGroup manufactures, designs, and sells pumps, aerosol valves, and dispensing closures for the personal care, fragrance/cosmetic, pharmaceutical, household, and food products markets. AptarGroup is headquartered in Crystal Lake, with manufacturing facilities primarily in the United States and Europe. CONTACT: AptarGroup Inc., Crystal Lake Steve Hagge, 815/477-0424 or Edelman Worldwide, Chicago Gary Strong, 312/280-7000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion