THE WHAT? Non-public fairness agency River Associates has acquired Diamond Wipes, a North American contract producer of moist wipes and liquid-fill private care merchandise.
THE DETAILS Diamond Wipes gives end-to-end contract manufacturing providers spanning product growth, R&D and formulation, manufacturing, filling, packaging, high quality testing and distribution. The corporate operates amenities in California and Wisconsin and serves manufacturers, retailers and distributors throughout cosmetics, private care and different client classes. Beforehand owned by Nolan Capital, Diamond Wipes will turn into a platform for additional growth below River Associates, with the businesses planning each natural funding and strategic add-on acquisitions. Potential targets embody producers of wipes, liquids and different private care merchandise, in addition to companies that would add new product, geographic or manufacturing capabilities. Monetary phrases weren’t disclosed.
THE WHY? The acquisition offers River Associates a platform within the magnificence and private care contract manufacturing market, with alternatives to increase Diamond Wipes’ capabilities and scale via additional M&A. For cosmetics manufacturers, the deal additionally highlights continued personal fairness curiosity in producers offering outsourced formulation, manufacturing and packaging capabilities.
Supply: PR Newswire
