HAYCO to acquire a 51% stake in CTR Group from Q. Vieira Investimentos.

HAYCO, a Hong Kong-based FMCG manufacturer, agreed to acquire a 51% stake in CTR Group, an air care and insect control devices manufacturer, from Q. Vieira Investimentos, an investment company. Financial terms were not disclosed. “CTR is well respected for good reason. 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,” Christopher Hay, Hayco CEO.