Aptar completes $555M acquisition of CSP Technologies

AptarGroup Inc. in Crystal Lake has closed the acquisition of specialty protective packaging products provider CSP Technologies for $555 million.

CSP Technologies provides active packaging technology based on proprietary material science expertise. The company was established in 1965 and is specialized in integrated, active desiccant and product protection technologies in the Pharma and Food Service markets.

As previously reported, the transaction meets Aptar's disciplined criteria for acquiring companies with strong positions in attractive markets, proprietary technologies, solid margins and robust growth fundamentals. Aptar looks forward to growing CSP Technologies' existing business in the Pharma and Food Safety markets, and leveraging their active packaging and material science know-how in other end markets.

“As anticipated, the closing of the CSP Technologies acquisition went smoothly and we welcome CSP Technologies' experienced team to Aptar. We will begin to integrate CSP Technologies into our global network and together we will continue to develop value-creating, differentiated solutions as a global leader in packaging solutions,” said CSP Technologies CEO Stephan Tanda.

Aptar is a global supplier of a broad range of innovative dispensing and sealing solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. Aptar is headquartered in Crystal Lake with manufacturing facilities in North America, Europe, Asia and South America.