THE WHAT? AptarGroup has announced that it will increase prices for its beauty, personal care and home care products by 5 percent, effective June 1, 2021.
THE DETAILS The increase is in addition to any price adjustments related to raw material cost increases.
“While Aptar Beauty + Home has continuously implemented innovative solutions to increase efficiency in our production and distribution process with the aim of delivering high quality products at competitive prices, price adjustments are necessary as we are facing unprecedented cost increases across all input channels. This is on top of absorbing the costs of keeping our production teams safe and operating our facilities safely throughout the global COVID-19 pandemic,” said Marc Prieur, President, Aptar Beauty + Home.
THE WHY? Aptar said that the price adjustments are necessary due to sustained significant cost inflation on non-raw material input costs, including freight, energy and labor.