What Happened to Betterware de México?
Ticker: BWMXSPAC Year: 2020Merger: 2020
Return
+70.0%
Current Price
$17
Peak Price
$47
Trust Size
$50M
Summary
Mexican direct-sales household products company — a quiet SPAC success. Real revenue, real profits, real business. One of the few international SPAC winners.
What Happened
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.
Key People
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