Helios to acquire Nigerian glass business
Frigoglass Group has agreed to sell its entire shareholding in Frigoinvest Nigeria Holdings to Helios Investment Partners.
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Frigoglass Group has agreed to sell its entire shareholding in Frigoinvest Nigeria Holdings to Helios Investment Partners for up to €100 million. The transaction is subject to regulatory approval and expected to be completed in the first quarter of 2026.
Frigoinvest Nigeria Holdings is the holding company for the group’s Nigerian glass businesses – including Beta Glass and Frigoglass Industries Nigeria – which comprises glass container, plastic crate and metal crown manufacturing activities.
Gagik Apkarian, founder and managing director of Tetrad Capital Partners and chairman of the Frigoglass Group said: “We are confident that Helios Investment Partners, the leading Africa focused private equity firm, will be a great steward of Beta Glass’ 50-year heritage of offering outstanding products and services to Beta Glass’ customers. We will continue to support Beta Glass in the months ahead until the consummation of the transaction early in 2026.”
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