In a matchup it claims creates the global leader in plastic and laminate tubes, Albéa, until July 2010 known as Alcan Packaging Beauty, has acquired laminate tubes processor Betts Group. The purchase gives Albéa a broader global footprint to include substantial capacity in India, where another leader in global laminate tube production, Essel Propack, is headquartered.
In the release announcing its acquisition of Betts Group, Albéa noted it was reinforcing "its positions in emerging markets, especially India." Betts Group operates manufacturing facilities in Mexico, England, Poland, Indonesia and two in India, with annual throughput of more than two billion tubes to customers in more than 45 countries. The heart of its customer base is comprised of fast moving consumer goods companies....