Aptar Closures Acquires Majority Stake of Gulf Closures, Adding Manufacturing Capabilities in the Middle East

Second Quarter 2022 Summary *Reported sales grew 4% and net income increased 15% to $64 million *Core sales increased 10% and adjusted EBITDA increased 8% to $160 million *Reported earnings per share increased 17% to $0.95 compared to $0.81 in the prior year *Adjusted earnings per share increased 13% to $0.96 compared to $0.85 in the prior year (including comparable exchange rates) *Each segment achieved sales growth through improved volume as well as increased pricing, with Pharma and Beauty + Home segments reaching double-digit core sales growth

Atlantic Packaging is pleased to announce that it has joined The Conservation Alliance, an organization that harnesses the collective power of business and outdoor communities to advocate for the protection of North America’s wild places. Atlantic Packaging is the first packaging company to join the more than 270 member companies whose collective annual membership dues are dispersed to grassroots environmental organizations that contribute to the long-term health of outdoor recreation and help ensure access for future generations. Family owned-and-operated for 75 years, Atlantic Packaging is committed to supporting the intelligent transition to a circular packaging supply chain and a waste-free world. With packaging accounting for over 40 percent of plastic waste according to 2018 EPA data, Atlantic Packaging has recognized its corporate responsibility to have a positive impact on sustainability. “By joining The Conservation Alliance, Atlantic Packaging is aligning with like-minded businesses collaborating around a common purpose and proudly investing in a wide range of the most compelling conservation projects in North America,” said Atlantic Packaging President Wes Carter.

As more people use technology to shop, grocery stores are following in the footsteps of fashion and electronics retailers by leveraging the omnichannel sales model. The COVID-19 pandemic and associated stay-at-home orders resulted in an increase in consumers purchasing groceries online. As a result, grocery retailers are now challenged to find the right protective food packaging, ensuring purchases arrive fresh and intact no matter if they’re shipped, delivered, or prepared for curbside pickup. This means brick-and-mortar grocery stores are charged with transforming into micro fulfillment centers. They now must take the same precautions consumers would to protect groceries in transit. Furthermore, employees must pick and pack items as if they were the customer themselves. And during transit, groceries need to be protected from extreme temperature fluctuations, crushing by other items, or accidental droppings. Grocery stores, especially those that haven’t started the transition to an omnichannel strategy, face three major challenges: They must carve out a footprint inside their existing stores to efficiently fill orders, re-train staff to handle in-store and online orders, and ensure that products are shipped with appropriate packaging.