Illinois based AptarGroup Inc., a maker of polymeric pharmaceutical dispensing packaging, has agreed to buy Stelmi Group, a French manufacturer of elastomeric packaging components for injectable drug delivery. According to the release Crystal Lake-based AptarGroup will acquire Stelmi for $207 million, financed by available cash, the company said in a May 30 webcast. The deal is subject approvals and is expected to close in the third quarter of 2012. Steve Hagge, AptarGroup president and CEO, said,"This strategic acquisition fits with our long-term strategy to enter new markets."
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