Putin decree places Aptar's Russian plant under state management

Russian President Vladimir Putin has signed a decree, published on 21 September 2026, placing the whole of Aptar Vladimir, a plastic packaging plant held through Aptar Europe Holding, under temporary external administration. The appointed manager is H&N, the entity behind Danone's former Russian business, itself nationalised by decree in 2023. AptarGroup said the unit accounted for under 0.6% of consolidated net sales and operating income at 31 December 2025 and that it is assessing options to protect its shareholder rights.

Why this mattersThe decree extends Russia's seizure of Western-owned assets to a US packaging group, raising expropriation risk for remaining Western manufacturers in the country.

• The decree, published on 21 September 2026, places 100% of Aptar Vladimir under temporary external administration.
• Aptar Vladimir is held by Aptar Europe Holding, part of US-headquartered AptarGroup, and runs the group's only plant in Russia, at Vladimir, making caps, closures and dispensers.
• The appointed manager is H&N, the legal entity behind Danone's Russian division, nationalised under a separate decree in 2023.
• AptarGroup said Aptar Vladimir represented under 0.6% of consolidated net sales and operating income as of 31 December 2025.
• AptarGroup said it is assessing the situation and its options and flagged possible operational, legal, accounting or sanction impacts and possible impairment.
• On 17 September 2026 Putin signed a law placing the Russian assets of Auchan, Nestle, Lemana PRO and FM Logistic under temporary management by L.E.V. Management.