AptarGroup Consolidating Facilities

CRYSTAL LAKE, Ill. (AP) — AptarGroup Inc., which makes dispensers for beauty products, said Wednesday it will consolidate two facilities in France and separate sales facilities in the U.S. and Europe under a restructuring plan.

The locations affected are part of AptarGroup's Closures and Beauty & Home segments, the company said. The move will cost about $6 million, with the majority of charges being recognized in 2009.

The company said annual savings could reach $3 million annually starting in 2010.

"These actions will better align our manufacturing activities with our customers' needs and allow us to more cost-effectively manage our sales operations," said President and Chief Executive Peter Pfeiffer, in a statement. "These steps are in addition to our traditional cost containment efforts."

The restructuring plan comes as the company reported a 28 percent drop in first-quarter profit and said it expects a weak second quarter on falling sales.