Albéa (previously Alcan Packaging Beauty) today announced the acquisition of Betts Group, a leading producer of laminate tubes that operates 6 plants in the UK, Poland, Mexico, India and Indonesia.
With this new acquisition, Albéa becomes the global leader in plastic and laminate tubes and reinforces its positions in emerging markets, especially India, to develop its wide product portfolio across multiple markets segments including make-up, skincare, fragrance and oral care.
“This acquisition is a strategic fit for both Albéa and Betts” explained Francois Luscan, Président & CEO Albéa. “The companies have complementary technologies, geographical footprint, product portfolio and R&D resources that will enable the combined entity to provide a broader product offering, increased innovation and
development capacity, and a more versatile, global manufacturing footprint.”
“This is an exciting and significant step for Betts. We join a company with great development opportunities that offer our business the right growth platform to deliver the best product and service to our customers worldwide” added Keith Chapman, CEO Betts Group.
With the integration of Betts Group, Albéa operates 31 plants in 13 countries and offers a wide range of packaging solutions for make-up, skin/personal care, fragrance, and oral care providers.
Albéa is a world leading packaging company which provides a wide range of solutions for the make-up, fragrance, skincare, personal & oral care markets. Headquartered in France, Albéa employs 9,300 people and operates 31 manufacturing facilities in 13 countries across Europe, the Americas and Asia.
Betts Group is a leading producer of printed laminate tubes for the oral care and personal care sector. The Company operates manufacturing facilities in Mexico, England, Poland, Indonesia and India supplying more than 2.0 billion tubes to customers in more than 45 countries. As one of the largest companies to focus solely on laminate tubes, Betts has become a preferred supplier to the world's leading fast moving consumer goods companies and has a wide range of regional customers.
Albéa and Betts are affiliates of Sun European Partners LLP, the European advisor to Sun Capital Partners, Inc., a leading U.S.–based private investment firm focused on leveraged buyouts, equity, debt and other investments in market–leading companies that can benefit from its in-house operating professionals and experience.
Albea acquisites Betts Group