Mar 16, 2016. /Lesprom Network/. Belgian hygiene products specialist Ontex has completed the acquisition of 100% of the shares of Grupo P.I. Mabe (Grupo Mabe), as the company said in the press release received by Lesprom Network.

The integration of Grupo Mabe will provide Ontex Group further access to promising markets, primarily in the Americas region and creates a considerably stronger platform for growth in the global personal hygiene solutions markets.

60% of Grupo Mabe’s revenues come from its domestic market in Mexico, the fifth largest personal hygiene care market in the world – where Grupo Mabe occupies a leading position in Baby Care and is the third largest player in the small but rapidly growing Adult Incontinence segment.

To capture further growth opportunities, Grupo Mabe will be integrated into the Ontex Group as a new division: the Americas Division.

Gilberto Marín Quintero, founder and Chairman of Grupo Mabe, will be proposed to join the Ontex Board of Directors, to contribute his experience and knowledge of personal hygiene markets to the further development of the Ontex growth platform. The Grupo Mabe management team will remain in place and will operate as the new Americas Division.