Cosmetic Specialties International, LLC (CSI LLC) Announces Acquisition, Plant Improvements and Fiscal Guidance By Asparron Capital, LLC
OXNARD, Calif., Jan. 19 /PRNewswire/ -- Asparron Capital, LLC, a North Richland Hills, TX-based private investment firm, has acquired the jars and closures assets of Cosmetic Specialties, Inc. (CSI-Cosmolab), a leading plastic injection molding manufacturer for the cosmetics, skincare and personal care industry, and has formed a new company – Cosmetic Specialties International, LLC (CSI LLC), it was announced today by Bruce Bellerose, Executive VP/ Chief Operating Officer of CSI LLC. The transaction formally separates CSI LLC from Cosmolab, which will continue to operate out of its Tennessee location.
"Asparron Capital is excited about the opportunity to work with current management to grow the jars and closure business," said William J. Gedwed, Chief Executive Officer for Asparron Capital, LLC. "The transaction, which was finalized on October 22, 2009, is the first step in moving Cosmetic Specialties International, LLC into the forefront of product development in areas including sustainable packaging along with tool design and development from an already robust in-house machine department."
CSI LLC provides breakthrough design, custom tooling and manufacture of precision injection molded jars, caps and closures made from virgin plastics and plant-based resins derived from natural tapioca, potatoes and corn sugar and materials otherwise destined for landfills. The company manufactures more than 200 million parts annually and is a key supplier to many of the largest global beauty brands. CSI LLC offers a full range of products and services including in-house mold design and development, silk screening, pad printing, hot stamping and label application, along with cap lining capabilities for a broad range of sizes and products.
"Cosmetic Specialties International is pleased to join the Asparron Capital team," says David Paneiko, Executive Vice President and Chief Financial Officer. "Our new relationship will provide increased funding and resources for cutting edge component design and engineering, rapid tooling, eco-friendly materials and energy-efficient technologies that enhance our customer service."
CSI LLC has established a long-standing reputation for double-walled jars and closures made from virgin plastics and renewable resins, high quality products, and one of the shortest lead times among North American packaging manufacturers. For more information about CSI LLC products and services, call 805.487.6698 or visit www.csillc.com.
About CSI LLC
Established in 1978, Oxnard, CA-based Cosmetic Specialties International, LLC (CSI LLC) is a leading manufacturer of innovative, eco-friendly packaging including custom injection molded jars, closures and liners. CSI LLC was the first plastic injection molding manufacturer for the cosmetics, skincare and personal care industries in North America to provide bio-based and biodegradable PHA jars made from Mirel™ bio-plastics from Telles, a high performance semi-crystalline polyester made from plant-resins specifically engineered for injection molding applications. For information, please visit www.csillc.com.
About Asparron Capital, LLC
Asparron Capital, LLC, founded in 2007, manages private equity investments. The company works in partnership with management teams to increase the growth and value of companies by developing and executing long-term strategies and leveraging its investment experience, operating skills and relationship network. Headquarters are located in North Richland Hills, Texas. For more information, please visit www.asparron.com.
SOURCE Cosmetic Specialties International, LLC