AptarGroup has acquired a 49% stake in three related Chinese beauty packaging companies.
The entities include Suzhou Hsing Kwang, Suqian Hsing Kwang and Suzhou, referred to in totality as BTY.
The BTY companies are manufacturers of decorative metal components, metal-plastic sub-assemblies, and complete colour cosmetics packaging solutions.
Stephan Tanda, Aptar President and CEO, said: “We are committed to growing our business in Asia and to creating an even stronger local presence in this region.
“This strategic equity investment better positions us in the high-growth Asian colour cosmetics market and we look forward to leveraging our expansive portfolio of dispensing technologies, along with our global scale, to build upon BTY’s success in this market.
“This transaction meets our disciplined investment approach of acquiring leading, recognised players with innovative technologies and know-how, and includes an option to raise our stake in future years.”
