French packaging firm, Albéa (previously Alcan Packaging Beauty) has acquired Betts Group, a leading producer of laminate tubes that operates six 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. 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”, explained Francois Luscan, Président and CEO, Albéa.
Source: www.worldpressonline.com
