Carl A. Siebel Named to Succeed Ervin J. LeCoque as AptarGroup CEO at Year-End.

CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Feb. 21, 1995--AptarGroup, Inc.'s (NYSE: ATR) Board of Directors today announced that Carl A. Siebel, President and Chief Operating Officer, has been elected to succeed Ervin J. LeCoque as Chief Executive Officer, effective upon LeCoque's planned retirement at the end of 1995.

Siebel had been named President and Chief Operating Officer in 1993 at the time of AptarGroup's spin-off from Pittway Corporation. Prior to the spin-off, he served as President of Perfect-Ventil GmbH, Dortmund, Germany and Director of European operations for Pittway's Seaquist Group from 1975 until April 1993, and Vice President of the parent corporation from 1984 to 1993.

"Carl and I have had the good fortune of working together as a team for more than 20 years," LeCoque stated. "The contributions Carl has made, and continues to make today, are substantial. He has devoted himself tirelessly to building both the European division and a world class company in the packaging industry. His operational expertise and participation in strategic acquisitions have been instrumental in the company's dynamic sales growth."

In support of orderly management succession, responsibility for the company's North American operations and the corporate offices will transfer to Siebel on July 1, 1995, as he will continue to manage the European businesses. During the transition, LeCoque will continue as Chairman of the Board and Chief Executive Officer until December 31, 1995 at which time King Harris, currently an AptarGroup director and Chairman of the Executive Committee, will assume the Board's chairmanship. LeCoque will remain on the Board as director and become Chairman of the Executive Committee.

LeCoque has been with AptarGroup and its predecessor, the Seaquist Group, for more than 30 years. He has been AptarGroup's Chairman and CEO since the company was created through a common stock distribution in April 1993 to Pittway Corporation stockholders, at which time Seaquist Group and the Pfeiffer Group of Germany were merged to form AptarGroup, Inc. For more than 25 years, LeCoque was President of the Seaquist Group as a Pittway subsidiary. He was also a Vice President of Pittway from 1970 to 1993.

Under LeCoque's leadership, AptarGroup and its predecessors have been transformed from a single-product company into a multinational designer and manufacturer of dispensing systems for the package goods industry. The company's diverse array of pumps, dispensing closures and aerosol valves are used primarily in consumer products -- most notably in the fragrance, cosmetic, personal care, pharmaceutical, household and food industries. Some of AptarGroup's more well-known customers include L'Oreal, Glaxo Pharmaceuticals, Helene Curtis, The Procter & Gamble Co., Sandoz Chemicals and Yves Saint Laurent Parfums. Since 1965, annual sales have grown from $2.6 million to over $450 million. The company's meteoric growth includes major acquisitions in France, Germany, Italy and the United States.

Harris, who will assume the non-executive position of Chairman of the Board on January 1, 1996, has been President of Pittway Corporation since 1984 and its CEO since 1989. He initiated and managed the AptarGroup spin-off from Pittway in 1993. His involvement with the Seaquist Group, predecessor of Aptar, began in 1978.

"The company's New York Stock Exchange listing, dominant American ownership and leadership position in several U.S. domestic markets make it imperative for us to keep our corporate headquarters domiciled in the U.S. And since the company's Chairman, CFO and other key executives will continue to reside in suburban Chicago, both clients and the financial community can be assured of continued easy access to executive management," Siebel added.

AptarGroup is the leading worldwide manufacturer of a broad range of convenience dispensing products for the personal care, fragrance/cosmetics, pharmaceutical, household, and food industries. Its primary categories of packaging components include pumps, closures, and aerosol valves. The company's growth strategy focuses on continuous financial improvements, business expansions in Europe, Mexico, and the U.S., and ongoing product innovation, outstanding quality, and superior service that is responsive to customer needs.

CONTACT: AptarGroup Inc.

Steve Hagge, 815/477-0424

Edelman Worldwide

Gary Strong, 312/240-2634