Betterware de México
🌱 SurvivorTrust Size
$50M
Peak Price
$47.00
Current Price
$17.00
Return
+70.0%
Peak Market Cap
$2.2B
What Happened
Mexican direct-sales household products company — a quiet SPAC success. Real revenue, real profits, real business. One of the few international SPAC winners.
Betterware merged with DD3 Acquisition Corp in March 2020 — a small, quiet deal during early SPAC era. The company is Mexicos largest direct-to-consumer household products company (think Tupperware for Latin America). Unlike most SPACs, Betterware had a proven business model, consistent profitability, and growing revenue. The stock hit $47 and remains above IPO price at $17. A rare example of a SPAC finding an actual good company.
Projections vs. Reality
Projected Revenue
$500M
What they told investors
Actual Revenue
$750M
What actually happened
Hype-to-Reality Ratio: 150.0x
Key People
Luis Campos
CEO
Built Betterware into Mexican market leader
Martin Werner
DD3 Sponsor
Mexican financier
Timeline
2020-03
SPAC merger completed
2021-01
Stock peaks at $47
2022-06
Acquires JAFRA cosmetics
2023-12
Revenue exceeds $700M
2025-01
Stable at $17, profitable
📄 SEC Filings
View all EDGAR filings for Betterware de México
Risk Scores
Dilution Score
25/100
Insider Profit Index
20/100
Hype-to-Reality Ratio
150.0x
Projected ÷ actual revenue