Aptar Continues Expansion Into Healthcare With Acquisition of CSP
Aptar's strong second-quarter earnings release was paired with the announcement that the company has entered into an agreement to acquire healthcare packaging company CSP Technologies for $555 million. In Aptar's key pharmaceutical segment, results remained solid through the second quarter, while the beauty and home segment turnaround is still in progress. While the deal to purchase CSP looks slightly expensive, this is more than offset by positive time value of money effects. Accordingly, we've...AptarGroup is a supplier of a range of dispensing, sealing and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. The company's primary products are dispensing pumps, which dispense a spray or lotion from non-pressurized containers; closures, which are plastic caps that allow a product to be dispensed without removing the cap; aerosol valves, which dispense product from pressurized containers; and elastomeric primary packaging components, which include stoppers for infusion, antibiotic, lyophilization and diagnostic vials, pre-filled syringe components, as well as dropper bulbs and syringe plungers.
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