CRYSTAL LAKE, Illinois – (BUSINESS WIRE) – AptarGroup, Inc. (NYSE: ATR), a global leader in drug delivery, consumer product distribution and active materials science solutions, today announced it will increase prices by 5% for its beauty, personal care and home care products. The price increases will take effect on June 1, 2021 and will be in addition to any price adjustment related to the increase in the cost of raw materials. Price adjustments are necessary due to sustained and significant inflation in the costs of inputs other than raw materials, including freight, energy and labor.
“While Aptar Beauty + Home has continuously implemented innovative solutions to increase the efficiency of our production and distribution process with the aim of providing high quality products at competitive prices, price adjustments are necessary because we are facing unprecedented cost increases across all entry channels. This is in addition to the absorption of costs related to the safety of our production teams and the safe operation of our facilities throughout the global COVID-19 pandemic, âsaid Marc Prieur, president of the COVID-19 pandemic. ‘Aptar Beauty + Home.
Aptar sales representatives will communicate additional details of the price increase and specific impacts directly to their customers.
AptarGroup, Inc. is a global leader in the design and manufacture of a broad range of drug delivery, consumer product delivery and active materials science solutions. Aptar’s innovative solutions and services serve a variety of end markets, including pharmaceuticals, beauty, personal care, home, food and beverage. By using knowledge, proprietary design, engineering and science to create dispensing, dosing and protection technologies for many of the world’s leading brands, Aptar in turn is making a significant difference in life, appearance, health and the home of millions of patients and consumers around the world. . Aptar is headquartered in Crystal Lake, Illinois, and has 13,000 dedicated employees in 20 countries. For more information, visit www.aptar.com.
This press release contains forward-looking statements. Future or conditional expressions or verbs such as “will” are intended to identify these forward-looking statements. Forward-looking statements are made in accordance with 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 and on the assumptions made and information with which we currently have. Accordingly, our actual results may differ materially from those expressed or implied in these forward-looking statements due to known or unknown risks and uncertainties that exist in our operations and business environment, including, but not limited to: integration successful acquisitions; the regulatory environment; and competition, including technological advancements. For more information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under âRisk Factorsâ and âManagement’s Discussion and Analysis of the Financial Position and Results of Operations âin our Forms 10-K and 10-Q. We assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.