Albéa acquires Betts

Major French packaging supplier to the make-up, fragrance, skincare, personal and oral care markets, Albéa, has acquired the Betts Group, a leading manufacturer of laminate tubes, with production plants in the UK, Poland, Mexico, India, and Indonesia.  The move makes Albéa the world’s largest supplier of plastic and laminate tubing, which is especially significant in the Indian market, where it is developing its product range.
 
Speaking for Albéa, president and CEO François Luscan commented: ‘The acquisition is a strategic fit for both companies, with complementary technology, location, products, and R&D facilities that will enable the combined entity to offer a broader product range, more innovation, and flexible manufacturing.’
 
His words were echoed by Keith Betts, CEO of Betts Group, who added: ‘This is an exciting move for us and provides a platform for growth in product and service development.’  The new organisation will have 31 plants in 13 countries.