Crystal Lake, Illinois, May 6, 2021 — AptarGroup, Inc. (NYSE:ATR), a global leader in drug delivery, consumer product dispensing and active material science solutions, announced today that it will increase prices five percent for its beauty, personal care and home care products. The price increases will take effect June 1, 2021 and will be in addition to any price adjustments related to raw material cost increases. The price adjustments are necessary due to sustained significant cost inflation on non-raw material input costs including freight, energy and labor.
“While Aptar Beauty + Home has continuously implemented innovative solutions to increase efficiency in our production and distribution process with the aim of delivering high quality products at competitive prices, price adjustments are necessary as we are facing unprecedented cost increases across all input channels. This is on top of absorbing the costs of keeping our production teams safe and operating our facilities safely throughout the global COVID-19 pandemic,” said Marc Prieur, President, Aptar Beauty + Home.
Aptar sales representatives will communicate additional details of the price increase and the specific impacts to their customers directly.