Frigoglass offloads Beta Glass to Helios for €100 million before 2026 debts
- Frigoglass Group completed the sale of its Nigerian unit, Beta Glass Plc, to Helios Investment Partners for up to €100 million.
- The sale marks a clean exit for Frigoglass ahead of its 2026 bond maturities.
- Beta Glass is Nigeria’s largest glass manufacturer and will continue operations as usual during the transition.
The sale of Beta Glass Plc represents a strategic move by Frigoglass to stabilize its financial situation while also highlighting a significant shift in the manufacturing landscape of Nigeria. As local producers adapt to economic pressures, the focus on sustainable and locally sourced materials could drive further innovation and investment in the region. This transition may pave the way for a more resilient and self-sufficient manufacturing sector in West Africa.
