AptarGroup Partners With Chinese Skincare Company YAT

Drug delivery devices manufacturer AptarGroup Inc ATR is collaborating with YAT, a Chinese Online Skincare Company, to develop a range of products and services for the skincare market.
The partnership will combine YAT’s product design and concept development capabilities and Aptar’s packaging and dispensing solutions.
The financial terms of the deal were not disclosed.
Aptar will use YAT’s market insight database, focused on specific consumer skincare needs and skincare profiles.
“Aptar’s breadth of experience in manufacturing high-quality solutions, including innovative solutions that contribute to a more circular economy, combined with YAT’s extensive market insights, will enhance the growing portfolio of solutions and services we can bring to this market,” said CEO Stephan Tanda.
Price action: ATR shares closed lower by 1.24% at $139.27 on Thursday.