“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.