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Aptar strengthens its airless dispensing business with the acquisition of Mega Airless

AptarGroup has signed an agreement to acquire Mega Airless, a leading provider of airless dispensing systems for the beauty, personal care and pharmaceutical markets. The EUR 200 million deal (USD 218 million) adds complementary products and market coverage to Aptar’s existing portfolio of business.

Mega Airless has two manufacturing facilities in Germany and one in the United States. The company has over 30 years of experience and has grown to become a leader in airless dispensing technology with approximately EUR 61 million (about USD 66 million) projected annual revenues for 2015 and the company has achieved EBITDA (earnings before interest, taxes, depreciation and amortization) margins in excess of 30% over the past three years.

Aptar supplies a broad range of dispensing solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food, and beverage markets. The company is headquartered in Crystal Lake, Illinois, with manufacturing facilities in North America, Europe, Asia and South America and over 13,000 employees worldwide.

The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of this year.

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