Packaging Blog: Packaging Industry News

Packaging news, ideas, rants and raves, and inside deals. Whether you are an insider in the packaging industry, concerned about the environmental or economic impact of packaging, or interested in one of the largest industries worldwide the Packaging Blog is for you!

Sunday, October 09, 2005

AptarGroup Acquires Packaging Manufacturer MBF

One of the leading US Packaging manufacturers AptarGroup Inc has acquired a French packaging components maker MBF Development for about $43 million cash.

As part of the deal, AptarGroup whose 2004 sales topped $1.3 billion will assume $10 million in debt to buy out MBF Development whose yearly earnings are around $52 million.

AptarGroup, with 2004 sales of about $1.3 billion, supplies dispensing products such as finger tip sprayer pumps, dispensing pumps, treatment pumps, fragrance pumps, and foaming dispensers servicing the personal care, cosmetic, fragrance, food and pharmaceutical markets.

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