AptarGroup Inc. has agreed to buy a minority interest in Loffler Kunststoffwerk GmbH, a maker of plastic dispensing closures based in Freyung, Germany. Loffler will give AptarGroup injection molding capacity for dispensing closures and a larger share of that market in Germany and Western Europe, according to spokesman Ralph Poltermann. Loffler also makes standard closures, such as screw-on caps. It has one plant in Freyung, and another in the Czech Republic, near the German border.
Poltermann would not disclose terms of the agreement, but he said AptarGroup's interest in Loffler will be more than 20 percent.
AptarGroup currently owns two units in Germany: Pfeiffer Group in Radolfzell, which makes pumps for fragrance, cosmetic and pharmaceutical products; and Perfect-Valois Ventil in Dortmund, which makes aerosol valves and pumps, mainly for the personal-care market.
A joint venture in Spain already makes some dispensing closures for AptarGroup in Europe, Poltermann said. Europe represents only a small part of AptarGroup's total sales for dispensing closures, 86 percent of which are produced in North America, he said.
AptarGroup, a public company based in Crystal Lake, Ill., has injection molding plants in Mukwonago, Wis.; Cary, Ill.; and near Mexico City. Those operations employ 550, he said. The company also has a mold-making facility in Davie, Fla., and an assembly plant in Norwalk, Conn.
North American sales last year were $76 million, according to Plastics News data. Of AptarGroup's worldwide sales, 58 percent are pumps, 23 percent aerosol valves, 18 percent dispensing closures, and 1 percent other products, Poltermann said. Almost 59 percent of those sales are in Europe; the rest are primarily North American.
AptarGroup also serves the household and food markets.