AptarGroup Inc. (NYSE: ATR) is acquiring dispensing system maker Mega Airless for $218 million. The buyer is funding the purchase with a combination of cash and debt.
Mega Airless, based Villingen-Schwenningen, Germany, makes plastic dispensers and pumps that are used in beauty, personal care and health care products. The target is expecting to post 2015 revenue of about $66 million. AptarGroup, located in Crystal Lake, Illinois, produces dispensers and sprays for the food and beverage, beauty and pharmaceutical industries.