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Permira sells toothpaste tube manufacturer Betts in £110m deal15/10/2007. Source: AltAssets. 
 Permira, Royal Bank of Scotland and the Bank of Scotland have sold toothpaste tube manufacturer Betts Global to UK mid-market private equity firm Gresham Private Equity in a deal worth in excess of £110m.
Betts manufactures and supplies toothpaste tubes to pharmaceutical companies Colgate Palmolive, GlaxoSmithKline, Procter & Gamble and Unilever.
The company has over 1,300 employees working from 14 sites in eight countries: Brazil, China, India, Indonesia, Mexico, Poland, the UK and the US.
As part of the transaction, former group operations director for Boots, Paul Bateman has been appointed chairman of Betts. Gresham partners Christian Bruning and James Barbour-Smith will join the board.
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