In a move the company says pre-dated the COVID crisis, a maker of injection-molded plastic fragrance and lotion containers and pump tops will shutter its manufacturing facilities in Torrington and Stratford.
Some 200 workers in the two plants will be idled, according to the company — 100 in Stratford and 90 in Torrington.
Headquartered in Crystal Lake, Ill., AptarGroup Inc. (NYSE: ATR) employs some 14,000 workers worldwide including about 2,400 in North America. It manufactures packaging, dispensing and sealing products for the beauty/cosmetic, pharma and food-and-beverage markets. It has a market capitalization of $6.9 billion.
In February Aptar announced plans to close the Connecticut facilities at a cost of approximately $20 million. Both plants produce containers like fragrance and skin-care lotion pumps, according to published reports. At that time the company also announced plans to acquire Dallas-based Fusion Packaging I LP, a maker of packaging products for cosmetics.
Some 7,000 product manufacturers use containers from Aptar, according to the company.
For the 2019 fiscal year ended Dec. 31, AptarGroup reported net income of $234 million on worldwide revenues of $2.84 billion.
