Albea acquires Betts Group

Albea (previously Alcan Packaging Beauty) has acquired Betts Group, a producer of laminate tubes that operates six plants in the UK, Poland, Mexico, India and Indonesia.

With this new acquisition, Albea 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 Albea and Betts,’ explained Francois Luscan, president and CEO of Albea. ‘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 of Betts Group.

With the integration of Betts Group, Albea operates 31 plants in 13 countries and offers a wide range of packaging products for make-up, skin/personal care, fragrance and oral care providers.