Packaging
Aptar Closures Acquires Majority Stake of Gulf Closures
Thursday 30. March 2023 - With the acquisition, Aptar Closures will leverage its global business capabilities and Gulf Closures manufacturing expertise, regional network, and experienced team to better serve the companys existing customers in the Middle East.
Aptar Closures, a global leader in dispensing closures and active material science solutions today announced the acquisition of majority stake in Gulf Closures, a closure manufacturer for beverage products in Bahrain.
With the acquisition, Aptar Closures will leverage its global business capabilities and Gulf Closures manufacturing expertise, regional network, and experienced team to better serve the companys existing customers in the Middle East, while opening new market opportunities and strengthening its presence in the region.
Today, Gulf Closures employs approximately 60 people at its facility in Bahrain and holds ISO and FSSC certifications. Gulf Closures is a partner to several global and other major local beverage brands in Gulf Cooperation Council (GCC) countries, Levant, and Africa.
“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,” added Hedi Tlili, president of Aptar Closures.
As recently announced, Aptar has realigned its segments to provide a specific focus on closures through the segment Aptar Closures, effective January 1, 2023. Aptar Closures leverages its closures expertise to continue to provide best-in-class service to its customers with innovative and sustainable solutions, while strengthening its market position and broadening the served markets with its leading technologies.