Putin puts U.S.-based packaging company AptarGroup’s Russian factory under temporary management by Danone’s former Russian arm
Russian President Vladimir Putin has signed a decree placing a 100% stake in Aptar Vladimir, a company owned by France’s Aptar Europe Holding, under temporary management. Aptar Vladimir owns a plant in Russia that makes plastic packaging.
Russian President Vladimir Putin has placed a 100% stake in Aptar Vladimir, a plant in Russia that manufactures plastic packaging, under temporary management. The decree appoints H&N, the legal entity responsible for Danone's Russian division, which was nationalized in 2023. The company's U.S.-based parent, AptarGroup, owns the Russian factory.
On September 17, Putin signed a law placing the Russian assets of several companies from unfriendly countries under temporary management. The Kremlin claims these actions are due to the countries' involvement in military actions against Russia. After nationalization, Yakub Zakriev, the nephew of Chechen leader Ramzan Kadyrov and Chechnya's agriculture minister, was appointed CEO of Danone Russia. Two months later, the company was renamed H&N and adopted the Health & Nutrition brand.
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