Day: May 27, 2021

Core Industrial Acquires Marianna Magnificence – WWD

Core Industrial Companions is doing one other beauty manufacturing deal — this time, it’s including Marianna Beauty Holdings LLC.

Core-backed Arizona Pure Sources is buying Marianna Magnificence, which develops and manufactures hair, pores and skin and different magnificence merchandise. Marianna focuses on hand and physique merchandise, hairstyling merchandise, hair colour and pet grooming merchandise. The enterprise operates a 400,000-square-foot facility in Omaha, Neb.

Collectively, Arizona and Marianna will goal to offer companies to small and huge magnificence firms. The companies will function virtually 40 filling traces and have greater than 100 storage and mixing tanks able to filling pattern sizes and full-sized merchandise, the businesses mentioned.

“The 2 firms mix to kind an business chief with substantial operational scale, complete chemical formulation capabilities and plentiful capability for his or her prospects,” mentioned Core senior accomplice Frank Papa.

Core, a Chicago-based personal fairness agency, purchased a majority stake in Arizona Pure Sources final July with a plan to construct up the following main North American magnificence producer.

Magnificence manufacturing M&A has been fixed for the previous few years, particularly amongst personal fairness gamers. Wind Level Companions-backed Voyant acquired Kik’s private care manufacturing operation, and Cornell Capital-backed KCD-One has made many acquisitions

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