AcquisitionsJun 3, 2026, 06:06 AM
Betterware de México Completes Tupperware LatAm Acquisition for $250M
AI Summary
Betterware de México, S.A.P.I. de C.V. (BeFra) has successfully completed its previously announced acquisition of 100% of Tupperware's operating assets in Latin America, including a perpetual, royalty-free, and exclusive license to the Tupperware brand for the region. The acquisition, valued at US$250 million, is a transformative step in BeFra's strategy to build Latin America's leading direct-selling platform, uniting the Betterware, Jafra, and Tupperware brands. The transaction is immediately accretive, boosting BeFra's pro forma combined FY2025 EPS by approximately 44.5% to US$2.11, and expands its regional footprint, particularly in Brazil.
Key Highlights
- Betterware de México completed the acquisition of Tupperware's operating assets in Latin America.
- Total consideration for the acquisition was US$250 million on a debt-free, excess-cash-free basis.
- Consideration comprised US$215 million in cash funded with debt and US$35 million in newly issued BeFra shares.
- Tupperware Latin America's actual FY2025 revenue was $270 million, with adjusted EBITDA of $82 million.
- The transaction is immediately accretive, increasing pro forma combined FY2025 EPS to US$2.11 from BeFra's standalone US$1.46, a 44.5% accretion.
- Pro forma leverage stands at 1.9x Net Debt / EBITDA 2025.
- The acquisition expands BeFra's regional reach, particularly in Brazil, and aims to capture revenue and cost synergies.
- Tupperware Latin America will operate as an independent business unit, benefiting from BeFra's commercial growth model.
Price Impact
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