Beta Glass Welcomes New Ownership Following Acquisition by Helios Investment Partners
Published 16 Feb 2026 at 5:03 PM by Victor Enengedi
Frigoglass Group has officially completed the sale of its entire shareholding in Frigoinvest Nigeria Holdings B.V., which includes indirect stakes in Beta Glass Plc, to Helios Fund V, a fund managed by Helios Investment Partners. This transaction, initially announced in December 2025, represents a pivotal moment for Beta Glass, West and Central Africa's premier glass packaging manufacturer.
Transaction Details and Strategic Implications
The acquisition involves Frigoglass Group divesting its Nigerian packaging operations, encompassing Frigoglass Industries Nigeria Limited and Beta Glass Plc. Helios Investment Partners, a prominent Africa-focused private investment firm, now assumes control through its Helios V fund. This move follows Beta Glass's exceptional operational performance and record-breaking financial results achieved throughout 2025, positioning the company for accelerated growth and enhanced market leadership.
Beta Glass Plc remains strategically poised to bolster its operational excellence and solidify its role as an indispensable partner to Nigeria's thriving food and beverage industry. The company's commitment to innovation, quality, and customer satisfaction remains unwavering under the new ownership structure.
Leadership Perspectives on the Acquisition
Alex Gendis, CEO of Beta Glass, expressed pride in the company's transformation and performance over the past three years, attributing success to dedicated employees and robust operations. In a statement, Gendis remarked, "We welcome Helios Investment Partners and look forward to leveraging their deep experience across African markets to unlock long-term value, drive sustainable growth, and reinforce our commitment to customers, employees, and stakeholders."
Helios Investment Partners brings extensive expertise in investing in market-leading African businesses, which is expected to significantly support Beta Glass's strategic ambitions. This includes facilitating capital investment plans and fostering continued innovation within Nigeria's manufacturing sector, thereby enhancing the company's competitive edge and market presence.
Future Outlook and Operational Continuity
Beta Glass has assured stakeholders of its full commitment to operational continuity, maintaining excellence in product quality, and creating long-term value. The acquisition is anticipated to catalyze further growth initiatives, strengthen the company's market position, and drive sustainable development in alignment with Nigeria's economic objectives.
This ownership transition marks a new chapter for Beta Glass, building on its strong foundation and setting the stage for future expansion and innovation. The collaboration with Helios Investment Partners is poised to unlock new opportunities and reinforce Beta Glass's leadership in the glass packaging industry across West and Central Africa.
