AptarGroup acquired a 49% equity interest in three related Chinese beauty packaging companies: Suzhou Hsing Kwang, Suqian Hsing Kwang, and Suzhou BTY, collectively referred to as BTY.
WHO: The BTY companies are Chinese manufacturers of decorative metal components, metal-plastic subassemblies, and complete color cosmetics packaging solutions for the beauty industry.
WHY: The strategic investment is said to enable Aptar to capitalize on growth in the Asian color cosmetics market and complementary and distinctive capabilities to Aptar, including high-speed stamping and anodization, metal and plastic decoration, and differentiated lipstick masstige mechanism design and manufacturing.
IN THEIR OWN WORDS: “We are committed to growing our business in Asia and to creating an even stronger local presence in this region,” said Aptar President and CEO Stephan Tanda. “This strategic equity investment better positions us in the high-growth Asian color 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.”
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