Aptar Closures, a global leader in dispensing closures and active material science solutions, recently announced the acquisition of a majority stake in Gulf Closures, a closure manufacturer for beverage products in Bahrain. AlZayani will remain as the minority shareholder.
Aptar Closures will leverage its global business capabilities and Gulf Closures’ manufacturing expertise, regional network, and experienced team to better serve the company’s existing customers in the Middle East, while opening new market opportunities and strengthening its presence in the region.
Today, Gulf Closures employs approximately 60 people at its facility in Bahrain and holds ISO and FSSC certifications. Gulf Closures is a partner to several global and other major local beverage brands in Gulf Cooperation Council (GCC) countries, Levant, and Africa.
“We are excited to have Aptar Closures on board and look forward to bringing to the table our manufacturing expertise, experienced team, and veteran understanding of the regional market,” revealed Hamid AlZayani, “We will benefit from Aptar’s global presence and seasoned perspective of value-chain ecosystems, and we will be working together closely to develop winning solutions to scale up and accelerate Gulf Closures’ operational growth and serve the needs of our existing and future clients.”
“Aptar has been present in the Middle East since 2019 when the company opened a sales office in Dubai. This acquisition will further accelerate our strategy for expansion across the region, starting with a local manufacturing footprint in Bahrain. We look forward to building on Gulf Closures’ capacity and expertise and venture into new market opportunities,” added Hedi Tlili, President of Aptar Closures.
Commenting on Aptar Closures’ investment, Ahmed Sultan, Executive Director of Business Development of Manufacturing, Transport, and Logistics at Bahrain EDB, said: “We are thrilled to see Aptar Closures expand its reach, capitalizing on Bahrain’s standing as a business-friendly investment destination and a strategic location to effectively expand production capabilities to serve clients across the region and beyond”.
“With direct access to Saudi Arabia and the most efficient logistics hub in the region, Bahrain offers unparalleled benefits to manufacturers looking to tap into the USD 2 billion GCC market, with the added benefit of incredibly competitive costs compared to rest of the region and highly skilled workforce,” Ahmed Sultan added.