The investment is expected to expand Aptar’s capabilities such as high-speed stamping and anodisation, metal and plastic decoration, among others
Image: Officials from Aptar and BTY. Photo: courtesy of Aptar and BTY.
US-based drug delivery and packaging solutions provider Aptar has signed an agreement to purchased 49% stake in Chinese colour cosmetics packaging manufacturer BTY, for undisclosed sum.
Suzhou Hsing Kwang, Suqian Hsing Kwang and Suzhou collectively referred to as BTY Group. The three entities manufacture decorative metal components, metal-plastic sub-assemblies and complete colour cosmetics packaging solutions for the beauty industry
Suzhou Hsing Kwang, Suqian Hsing Kwang and Suzhou constitute the BTY Group
The acquisition is a part of Aptar’s effort to expand its capabilities such as high-speed stamping and anodisation, metal and plastic decoration, lipstick masstige mechanism design and manufacturing.
Aptar president and CEO Stephan Tanda said: “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.
“This transaction meets our disciplined investment approach of acquiring leading, recognized players with innovative technologies and know-how, and includes an option to raise our stake in future years. We look forward to welcoming BTY to the Aptar family.”
Additionally, the acquisition is expected to strengthen Aptar’s ability to cater to the Asian colour cosmetics markets.
The deal, which is subject to customary regulatory approvals, is planned to be completed by the end of 2019.
BTY companies founder Liang Cheng said: “Together, we will be able to provide customers with further agility, speed to market and an enhanced portfolio of products and services, all while contributing positively to people’s lives, our society and ultimately the planet.”
Aptar Asia president Xiangwei Gong said: “This strategic equity interest in BTY is key to our strategy as it allows us to create even stronger local teams, co-create local innovations and leverage the strength of Aptar’s global capabilities for our Asian customers in the color cosmetics market.”
In September 2019, Aptar has introduced a new metallised finish, designed for hinged closure dispensers.
The dispensing tube features Luminous, a premium and radiant metallised finish designed to deliver mirror-like colours while maintaining the product performance.