Injection molding giant AptarGroup Inc. said it will shutter its packaging and dispensing closures plant in Libertyville, Ill., laying off 77 workers. The layoffs are to begin Feb. 1.
The company reported the plan in a Dec. 1 filing under the Worker Adjustment and Retraining Notification (WARN) Act with the state of Illinois. The Libertyville plant is about 20 miles east of the company's headquarters in Crystal Lake, Ill.
AptarGroup officials could not be reached for comment on the closing.
Aptar acquired the Libertyville plant in 2006 when it bought the dispensing closures business of CCL Industries Inc. Aptar was supposed to have sold the plant to Flex Ltd. effective Sept. 3, 2019 — a transaction that apparently never took place.
Aptar is North America's fourth largest injection molder, based on its relevant estimated annual sales of $980 million in Plastics News' survey in June. Globally, Aptar recorded 2021 net income of $244 million, compared with $214 million the year before. Aptar reported record sales of $3.23 billion last year, compared with $2.93 billion in 2020.
The company makes dispensers and closures for end markets including pharmaceuticals, home products, food and beverages, cosmetics and personal care products.
Last year, Aptar broke ground on a plant in Suzhou, China. The company employs 13,000 in 20 countries.