Aptar Closures Acquires Majority Stake of Gulf Closures

 

 

Aptar Closures, a global leader in dispensing closures and active material science solutions, has announced the acquisition of a majority stake in Gulf Closures. With the acquisition, Aptar will leverage its global business capabilities and Gulf’s manufacturing expertise, regional network, and experienced team to better serve the company’s existing customers in the Middle East, while opening new market opportunities and strengthening its presence in the region. Today, Gulf employs approximately 60 people at its facility in Bahrain and holds ISO and FSSC certifications. It is a partner to several global and other major local beverage brands in GCC
countries, the Levant, and Africa.

 

“This acquisition will further accelerate our strategy in the region, now with a local manufacturing footprint,” said Hedi Tlili, president of Aptar Closures. “We look forward to building on Gulf Closures’ capacity and expertise to better serve our current customers in the region and to open new market
opportunities”. Aptar has realigned its segments to provide a specific focus on closures through the segment Aptar Closures, effective January 1.
Aptar Closures leverages its closures expertise to continue to provide best-in-class service to its customers with innovative and sustainable solutions while strengthening its market position and broadening the served markets with its leading technologies. Aptar Closures is part of AptarGroup, Inc, a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing, and active material science solutions and
services. Aptar’s innovative solutions and services serve a variety of end markets including pharmaceutical, beauty, food, beverage, personal care, and home care. Using insights, proprietary design, engineering, and science to create dispensing, dosing, and protective technologies for many of the world’s leading brands, Aptar makes a difference in the lives, looks, health, and homes of millions around the world. Aptar is based in Crystal Lake, Illinois, and has 13,500 employees in 20 countries.