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.