HAYCO Group acquires CTR Group, a leading developer and manufacturer, of diffusion devices and consumables.
Headquartered in Hong Kong based, FMCG manufacturer Hayco has acquired Portugal based CTR. The acquisition gives Hayco a broader offering for customers, access to new market segments.
Bringing the best together Founded in 1991 by Pedro Queiroz Vieira and Vitor Oliveira, CTR develops and supplies products to large multinational FMCG companies. CTR comprises 1,100 employees in including pet care. This complements Hayco’s capabilities which include home cleaning, oral care, water filtration and hydration devices. The new combined entity presents huge potential for innovation, product development, and business expansion for customers. CTR and Hayco share expertise in product development, plastics injection molding, and device assembly in Southern China.
“CTR is well respected for good reason,” says Christopher Hay, Hayco’s CEO. “Like Hayco, CTR is a family business, and we share a similar culture of developing and supplying high-quality products, while providing high-quality service to customers. The new entity will continue to be a majority family-owned business and will offer unique career development opportunities for the combined leadership and employees.”
Hayco is a privately owned, fully integrated manufacturing conglomerate founded in 1983 by Donald Hay. Hayco employs over 6,000 people across its four facilities in Southern China and the Dominican Republic. For 39 years, Hayco has been the partner of choice for the world’s leading FMCG companies. As a fully vertically integrated organization, from first design sketch to final delivery, Hayco works with customers to understand the complexities of their business and deliver simple, seamless production solutions.
ABOUT CTR Group