Aptar Announces Price Increases
CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Nov 16, 2018--AptarGroup, Inc. (NYSE:ATR) announced today that it will increase prices between 5 and 10 percent for its beauty, personal care and home care products in North America. The price increases will take effect January 1, 2019 and will be in addition to any price adjustments related to import tariffs. The increases are necessary due to sustained significant cost inflation on raw materials, freight and other inputs.
“We are dealing with inflation across all input channels and in each region. As we continue our efforts to increase efficiencies and drive operational improvements, we must adjust our pricing to reflect the escalating input costs. Our price adjustments in North America and other regions are necessary to help us offset these escalating costs while we remain focused on delivering value and innovation to our customers and end consumers,” said Eldon Schaffer, President, Aptar Beauty + Home.
Aptar sales representatives will communicate additional details of the price increase and the specific impacts to their customers directly.
Aptar is a leading global supplier of a broad range of innovative dispensing, sealing and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. Aptar uses insights, design, engineering and science to create innovative packaging technologies that build brand value for its customers, and, in turn, make a meaningful difference in the lives, looks, health and homes of people around the world. Aptar is headquartered in Crystal Lake, Illinois and has over 13,000 dedicated employees in 18 different countries. For more information, visit www.aptar.com.
This press release contains forward-looking statements. Words such as “future” and other similar expressions or future or conditional verbs such as “will” are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs as well as assumptions made by and information currently available to us. Accordingly, our actual results may differ materially from those expressed or implied in such forward-looking statements due to known or unknown risks and uncertainties that exist in our operations and business environment. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. For additional information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-Ks and Form 10-Qs. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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CONTACT: Investor Relations Contact:
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: AptarGroup, Inc.
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PUB: 11/16/2018 09:00 AM/DISC: 11/16/2018 09:01 AM