AptarGroup explained

AptarGroup, Inc.
Trade Name:Aptar
Type:Public
Industry:Packaging and drug delivery devices
Hq Location City:Crystal Lake, Illinois
Hq Location Country:U.S.
Key People:Stephan Tanda (CEO), Robert Kuhn (CFO), Shiela Vinczeller (CHRO)
Revenue: (2023)
Operating Income: $404 million[1]
Income Year:2023
Net Income: $284 million[2]
Net Income Year:2023
Assets: $4.451 billion[3]
Assets Year:2023
Equity: [4]
Equity Year:2023
Num Employees:13,800 (2023)[5]
Website:https://www.aptar.com/

AptarGroup, Inc., also known as Aptar, is a United States-based global manufacturer of consumer dispensing packaging and drug delivery devices.[6] [7] The group has manufacturing operations in 18 countries.[8]

History

The company began as Werner Die & Stamping in Cary, Illinois, in 1946 and later incorporated as AptarGroup in 1992.[9] Aptar originally developed spray valves and pumps for consumer and household products. The company later began producing nasal administration and pulmonary drug delivery devices such as nasal spray systems and metered-dose inhaler valves.[10] [11] [12] Biotech and pharmaceutical companies use Aptar's different Unidose and Bidose devices for the single or two-shot intranasal delivery of different medicines.[13]

In 2016, Aptar announced that it provided the delivery system for Adapt Pharma's Narcan.[14] Narcan is a naloxone hydrochloride nasal spray used as an emergency treatment for opioid overdoses. Aptar's liquid spray drug delivery technology platform works as a ready-to-use, single-shot, unit-dose system for Narcan. It was the first FDA approved nasally administered, ready-to-use medication used to reverse the effects of an opioid overdose. Narcan does not require any assembly, medical training, or needle injection.[15]

In 2016, Aptar entered into an agreement with Becton Dickinson & Company to develop new self-injection devices.[16] [17]

Aptar entered into an agreement in 2016 with Propeller Health Partners to develop a digitally connected medication inhaler.[18] The company made an investment in Propeller Health Partners (now part of Resmed) in 2018.[19]

In July 2019, the FDA-approved Aptar Pharma's Unidose Powder System as the first intranasally-delivered, needle-free rescue treatment for severe hypoglycemia.

In 2020, during the COVID-19 pandemic, Aptar invested in new tools to accelerate its molding equipment and assembly machines for pumps, but it still wasn't enough to keep up with demand.[20]

Acquisitions

In 2012, Aptar acquired Stelmi, a manufacturer of elastomer primary packaging components.[21] In 2016, Aptar acquired Mega Airless, a manufacturer of airless packaging solutions.[22] In 2018, Aptar acquired CSP Technologies, a material science company that manufactures active packaging solutions.[23]

In June 2019, Aptar acquired two companies, Nanopharm and Gateway Analytical.[24] In November 2019, the company acquired Noble International, which specializes in training devices and patient onboarding.[25] In February 2020, Aptar acquired FusionPKG, a makeup packaging company.[26] [27]

In November 2020, the company acquired the digital respiratory health company Cohero Health.[28] [29]

In July 2021 Aptar acquired the digital therapeutics company, Voluntis (ENXTPA: ALVTX), and 80% of the equity interests of Weihai Hengyu Medical Products Co., Ltd., a Chinese manufacturer of elastomeric and plastic components used in injectable drug delivery.[30]

Sustainability

Aptar was named to Barron's list of the Top 100 Most Sustainable U.S. Companies in 2019, 2020, 2021, and 2022.[31] [32] [33] [34] At the end of 2020, 85% of the company’s global electricity use came from renewable sources.[35] It was also named by Newsweek as one of America's Most Responsible Companies in 2021,[36] 2022,[37] and 2023[38] and received an A score for climate change from the Climate Disclosure Project.[39]

In September 2019, the company announced a partnership with Loop, a shopping platform from TerraCycle that delivers products in reusable containers.[40] The company made the Forbes Green Growth 50 List in 2021.[41]

Notes and References

  1. Web site: AptarGroup 10-K Filing 2023.
  2. Web site: AptarGroup 10-K Filing 2023.
  3. Web site: AptarGroup 10-K Filing 2023.
  4. Web site: AptarGroup 10-K Filing 2023.
  5. Web site: AptarGroup 10-K Filing 2023.
  6. Web site: AptarGroup Inc.. SEC. 2019-08-12.
  7. Web site: AptarGroup Inc.. Bloomberg. 2019-08-12.
  8. Web site: Aptar Joins the World Business Council for Sustainable Development. 2019-02-05. World Business Council for Sustainable Development (WBCSD). 2019-08-12.
  9. Web site: History of AptarGroup, Inc. – FundingUniverse. Funding Universe. 2019-08-12.
  10. Web site: Crystal Lake-based Aptar Pharma's opioid overdose reversal device goes nationwide. Mallory. Mike. 2017-10-25. Northwest Herald. live. https://web.archive.org/web/20171026103333/http://www.nwherald.com/2017/10/25/crystal-lake-based-aptar-pharmas-opioid-overdose-reversal-device-goes-nationwide/atznm76/ . 2017-10-26 .
  11. Strang. John. McDonald. Rebecca. Campbell. Gabrielle. Degenhardt. Louisa. Nielsen. Suzanne. Ritter. Alison. Alison Ritter. Dale. Ola. 2019-09-01. Take-Home Naloxone for the Emergency Interim Management of Opioid Overdose: The Public Health Application of an Emergency Medicine. Drugs. 79. 13. 1395–1418. 10.1007/s40265-019-01154-5. 1179-1950. 6728289. 31352603.
  12. Web site: Aptar Pharma Provides Unit-Dose Nasal Spray Technology for Opioid Overdose. 2016-05-20. Drug Development and Delivery. 2019-11-18.
  13. Web site: 2019-07-26. Aptar gets FDA approval for Unidose nasal drug delivery device. 2020-07-09. NS Medical Devices. en-US.
  14. Web site: 2016-05-19. Adapt Pharma's Nasal Spray Uses Unit-Dose Delivery System. 2020-07-09. Healthcare Packaging. en-us.
  15. Web site: 2018-02-08. State health agency welcomes Narcan donations. 2020-07-09. AdVantage. en-us.
  16. Web site: Aptar and BD join forces on auto-injector device. Taylor. Phil. 2016-09-13. in-Pharma Technologist. 2019-08-12.
  17. Web site: Aptar Pharma teams up with BD to develop novel auto-injector. Rahman. Lu. 2016-09-02. EPM Magazine. 2019-08-12.
  18. News: Propeller Health Joins With Aptar Pharma for Digitally Connected Medication Inhaler. Gormley. Brian. 2016-02-25. Wall Street Journal. 2019-08-12. 0099-9660.
  19. Web site: With $20 Million In Funding, Propeller Health Partners With Aptar Pharma To Make Digital Medicines. Moukheiber. Zina. Forbes. 2019-08-12.
  20. News: Chaudhuri. Saabira. 2020-07-10. Soap Makers Are Cleaning Up Amid the Pandemic, but Can't Get Enough Hand Pumps. en-US. Wall Street Journal. 2020-07-17. 0099-9660.
  21. Web site: Taylor. Nick. 2012-06-03. Aptar to enter injectable device components with €165m buy. 2019-08-12. BioPharma Reporter.
  22. Web site: McDougall. Andrew. 2016-02-02. AptarGroup acquires Mega Airless for €200 million. 2019-08-12. Cosmetics Design.
  23. Web site: Johnson. Jim. 2018-07-29. AptarGroup buying CSP Technologies for $555 million. 2019-08-12. Plastics News.
  24. Web site: Aptar acquires Nanopharm and Gateway Analytical. 2021-07-17. www.oindpnews.com.
  25. Web site: Aptar acquires training device company Noble International. 2021-07-28. www.oindpnews.com.
  26. Web site: cosmeticsdesign.com. Aptar acquires makeup packaging company FusionPKG. 2021-07-17. cosmeticsdesign.com. 18 February 2020 . en-GB.
  27. Web site: US company Aptar signs binding agreement to buy FusionPKG. 2021-07-17. www.packaging-gateway.com. 17 February 2020 . en-GB.
  28. Web site: 2020-11-05. Cohero Health's digital respiratory assets get scooped up by AptarPharma. 2021-07-28. MobiHealthNews. en.
  29. Web site: Aptar acquires Cohero Health. 2021-07-28. www.oindpnews.com.
  30. Web site: 2021-06-22 . Aptar Announces Exclusive Negotiations Regarding a Potential Acquisition of Voluntis to Expand in Digital Therapeutics . 2023-02-15 . www.businesswire.com . en.
  31. Web site: The 100 Most Sustainable U.S. Companies. Norton. Leslie P.. 2019-02-08. Barrons. 2019-08-12.
  32. Web site: Norton. Leslie P.. These Are the 100 Most Sustainable Companies in America. 2021-09-03. www.barrons.com. en-US.
  33. Web site: Norton. Leslie P.. Here Are the 100 Most Sustainable Companies Right Now. 2021-09-03. www.barrons.com. en-US.
  34. News: 2022-02-21 . Aptar Named One of Barron's 100 Most Sustainable Companies in the U.S. for the Fourth Consecutive Year . en . Bloomberg.com . 2022-06-27.
  35. Web site: These 10 Companies Are Leading on Environmental Impact . 2021-08-29 . JUST Capital . en.
  36. Web site: Newsweek. 2020-11-24. America's Most Responsible Companies 2021. 2021-08-27. Newsweek. en.
  37. Web site: Newsweek . 2021-12-02 . America's Most Responsible Companies 2022 . 2022-06-27 . Newsweek . en.
  38. Web site: Newsweek . 2022-12-07 . America's Most Responsible Companies 2023 . 2023-01-19 . Newsweek . en.
  39. Web site: A List companies. 2021-08-27. www.cdp.net. en.
  40. Web site: Aptar Partners With TerraCycle's Loop Platform. 2021-08-05. Beauty Packaging.
  41. Web site: Green Growth 50 2021 . 2023-01-19 . Forbes . en.

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