Core Industrial Partners, a Chicago, IL-based private equity firm, completed an investment in Arizona Natural Resources, a Phoenix, Arizona, provider of full-service custom formulation and contract manufacturing solutions for personal care products with an expertise in haircare and skincare.
The amount of the deal was not disclosed.
Founded in 1972 and led by George Dembow III, President, ANR is a developer & contract manufacturer of personal care products providing concept & formula development, batching, production, quality assurance and packaging. The company operates a 132,000 square foot TTB- and FDA-registered cGMP-compliant facility housing 23 production lines. Its equipment is designed to accommodate a wide range of custom formulas and provide consistent, high-quality products in a variety of different batch and order sizes.
Core plans to pursue strategic acquisitions to extend the ompany’s product offering and geographic presence.