Follow-up: Stelmi acquisition wrapped up / Q2 earnings guidance corrected downward
After having received all the necessary regulatory approval, AptarGroup
(Crystal Lake, Illinois / USA; www.aptargroup.com
) in early July 2012 wrapped up its acquisition of Stelmi
(Villepinte, Seine-Saint-Denis / France; www.stelmi.com
) – see also Plasteurope.com of 04.06.2012
. The EUR 165m is expected to significantly strengthen the US group’s pharmaceutical portfolio.
As a result of the purchase, AptarGroup on 9 July updated its Q2 earnings per share, which it corrected downwards by USD 0.05 per share to account for the cash payment. Amid a strong US dollar and a weaker euro, the US dispensing systems manufacturer also announced another USD 0.02 per share downward correction as a result of weaker than expected European business.