Fort Dearborn Company today announced that it has acquired Hammer Packaging Corporation. The combined organization takes advantage of Hammer’s state-of-the-art technology to enhance Fort Dearborn’s leadership position in the decorative label and packaging marketplace by further expanding the company’s geographic footprint, capacity and capabilities. With two facilities located in West Henrietta, NY and Rochester, NY, Hammer Packaging has a strong reputation for delivering innovation and quality product to a loyal and valued customer base. The combination will increase both companies’ capabilities to provide an even higher level of product and service offering to customers. The company’s product offering includes: cut & stack, in-mold, pressure sensitive, roll-fed, shrink and stretch sleeve labels as well as flexible packaging.
AptarGroup, Inc. (NYSE:ATR), a global leader in drug delivery, consumer product dispensing and active material science solutions and services, today reported net income of $64 million for the quarter ended June 30, 2022, a 15% increase over the prior year. Reported sales grew 4% and core sales increased by 10% over the prior year.
“Aptar delivered a strong quarter, remaining resilient while navigating a very dynamic and uncertain environment. As we look to the year ahead, we will remain focused on pricing initiatives to help offset continued rising input costs, managing our expenses and prudently allocating our capital by investing in services and product lines that drive shareholder return over the long term,” said Stephan B. Tanda, President and CEO, Aptar.
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
details at: https://www.aptar.com/wp-content/uploads/2022/07/PR-July-28-2022-Aptar-Q2-Results-1.pdf