Helios Investment Partners Acquires Beta Glass from Frigoglass Group in Nigeria

Helios Investment Partners has acquired Beta Glass from Frigoglass Group, signaling a major milestone in Nigeria's manufacturing and packaging sector. Beta Glass Plc, a leading manufacturer of glass packaging solutions in West and Central Africa, disclosed the change in ownership following the completion of the acquisition.

Helios Fund V, managed by the Africa-focused private investment firm, purchased the entire shareholding of Frigoinvest Nigeria Hold B.V., the holding company for Frigoglass Group's Nigerian packaging operations, including an indirect stake in Frigoglass Industri Nigeria Limited. Beta Glass aims to leverage Helios Investment's expertise to drive long-term growth, expand its footprint, and strengthen its role in Nigeria's food and beverage supply chain.

The Chief Executive Officer of Beta Glass, Alex Gendi, expressed optimism about the new ownership structure and the company's potential for growth. The acquisition is expected to unlock long-term value, reinforce commitment to customers, employees, and stakeholders, and drive sustained growth in the glass packaging industry.