The acquisition will help Aptar better serve its existing customers in the Middle East, open new market opportunities and strengthen its footprint in the region
Aptar Closures, a US-based material science solutions company, has snapped up a majority stake in Bahrain-based Gulf Closures, a closure manufacturer for beverage products.
The acquisition will combine the global business capabilities of Aptar Closures with Gulf Closures’ manufacturing expertise, regional network, and experienced team.
The deal will help Aptar better serve its existing customers in the Middle East, open new market opportunities and strengthen its footprint in the region.
Gulf Closures currently employs around 60 people at its facility in Bahrain. Its facilities are Food Safety System Certification (FSSC) and International Organization for Standardization (ISO) certified.
The company is a partner to many global and local beverage brands in Gulf Cooperation Council (GCC) countries, Levant, and Africa.
Aptar Closures president Hedi Tlili said: “Aptar has been present in the Middle East since 2019 when the company opened a sales office in Dubai. This acquisition will further accelerate our strategy in the region, now with a local manufacturing footprint.
“We look forward to building on Gulf Closures’ capacity and expertise to better serve our current customers in the region and to open new market opportunities.”
In December last year, Aptar realigned two of its business reporting segments effective 1 January 2023.
Under the plans, the company renamed Aptar Closures and Aptar Beauty reporting segments to improve operational efficiency, enabling a better client focus across all closure applications, and optimising business processes.
Aptar Closures uses its closures experience to continue offering customer service with advanced and environmentally friendly solutions. It also aims to strengthen its market position and enter new markets with new technologies.