Aptar Group acquires Mega Airless for $ 218 mn

Aptar Group Inc has signed an agreement to acquire Mega Airless, a leading provider of innovative airless dispensing systems for the beauty, personal care and pharmaceutical markets, for an enterprise value of approximately Euro 200 million ($ 218 million). This strategic acquisition adds complementary products and market coverage to Aptar Group’s existing diversified portfolio of business.
 
Mega Airless has over 30 years of experience and has grown to become a leader in airless dispensing technology with two manufacturing facilities in Germany and one in the US. Mega Airless’ projected annual revenues for 2015 are approximately Euro 61 million (approximately $ 66 million) and the company has achieved EBITDA (earnings before interest, taxes, depreciation and amortisation) margins in excess of 30 percent over the past three years.
   
Steve Hagge, president and CEO, Aptar Group, said, “This strategic acquisition aligns with our disciplined approach of acquiring well-managed, profitable businesses with innovative technology. Their products and the markets they serve are complementary to our own and we see significant opportunities to leverage AptarGroup’s global network to grow this business. Today, dermal applications are growing and evolving. Regulatory agencies in the prescription and over-the-counter pharmaceutical markets, and customers in the beauty and personal care markets, are seeking better ways to control dosing and preserve formulations across a variety of products. This transaction will enable us to shape the future of airless solutions.”
 
Aptar Group is a leading global supplier of a broad range of innovative dispensing solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food, and beverage markets. Headquartered in Crystal Lake, Illinois, AptarGroup has manufacturing facilities in North America, Europe, Asia and South America.