BAHRAIN – Aptar Closures, dispensing closures and active material science solutions company, has acquired a majority stake in Gulf Closures, a closure manufacturer for beverage products in Bahrain.
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 optimizing business processes.
The company said that combining its closures activities into one segment will allow it to better serve customers by concentrating its closures product design, marketing and manufacturing expertise.
Additionally, the emphasis on closures within one segment will help to streamline operations and better leverage these capabilities.
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.
Stephan B. Tanda, President and CEO of Aptar, at the time, said: “This change to our structure better aligns with our customers’ needs and allows us to leverage our expertise by technology to deliver the optimal combination of growth and profitability.”
Meanwhile, Aptar Group has updated its Scope 1 and 2 science-based targets, setting an emissions reduction goal consistent with requirements to limit global temperature rise to 1.5° Celsius by the year 2030.
In 2020, the firm formalized its original science-based targets (SBTs), setting a Scope 1 and Scope 2 emissions reduction goal consistent with well below 2° Celsius (WB2°C); a renewable electricity target and a Scope 3 target in alignment to 2°C – all by 2030.
In 2021, Aptar significantly surpassed the original goals for emissions reduction to the WB2°C scenario and as a result, the company has worked to update these goals to be more ambitious.
As a result, the company is proud to announce that its Scope 1 and 2 absolute emissions reduction targets align with the 1.5°C scenario and have been validated by the Science Based Targets initiative (SBTi).
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