By Juliet Ebirim

Following a recent announcement, Beta Glass Plc is entering a new phase after the completion of a change in ownership involving its parent company’s Nigerian packaging operations.

In a development first announced in December 2025, the Frigoglass Group has finalised the sale of its entire shareholding in Frigoinvest Nigeria Holdings B.V., the holding company for its Nigerian packaging businesses. The transaction includes indirect stakes in Frigoglass Industries Nigeria Limited and Beta Glass Plc. The buyer is Helios Fund V, a fund managed by Helios Investment Partners, an investment firm focused on African markets.

Commenting on the transaction, the CEO of Beta Glass, Alex Gendis stated, “ We are proud of the transformation and performance achieved by Beta Glass over the past three years, driven by the dedication of our people and the strength of our operations. 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.”

This milestone marks a new chapter for Beta Glass, building on a period of strong operational performance and record results delivered in 2025. The company remains well-positioned to accelerate growth, strengthen operational excellence, and deepen its role as a critical partner to Nigeria’s food and beverage industry.

Helios Investment Partners has previously invested in several African businesses across different sectors. With the completion of the transaction, the firm is expected to support Beta Glass’s ongoing strategic plans, including capital investment and operational development.