BOCA RATON, Fla.–(BUSINESS WIRE)–March 15, 2022–
Cosmetic Solutions, LLC (“Cosmetic Solutions”), a leading innovation partner for turnkey private label skincare, custom formulation and contract manufacturing, today announced its acquisition of Private Label Select (“PLS”) based in New Mexico, an organic cosmetics company and personal care manufacturer. PLS President Micah Halpert brings his expertise in organic and natural product development to his new role as Vice President of Business Development for Cosmetic Solutions.
Private Label Select specializes in product development for skincare, lip balms, ointments, sunscreens and SPF products, lip tints and glosses, and mother and baby products. Their expertise in organic and natural formulations dates back to 1994, when Karl Halpert, Micah’s father and executive director of PLS, first introduced organic lip balms, sourcing from as far away as New Zealand. to obtain organic beeswax for their balms. In 2005, PLS became one of the first personal care manufacturers in the United States to be certified organic under the National Organic Program (NOP) standard. Today, PLS is certified by QAI to the ANSI/NSF 305 standard for organic cosmetics, as well as ISO 22716. PLS offers customers the ability to offer both organic and over-the-counter products, including screen sunscreen and cream for diaper rash.
As a father-son company, Private Label Select fits naturally into Cosmetic Solutions, which was founded in the early 1990s by Mervyn Becker and is now led by his son, CEO, Warren Becker.
“I am thrilled to partner with Micah Halpert and Private Label Select to expand our current product offerings and capabilities to include organic and anhydrous products,” said Cosmetic Solutions CEO Warren Becker, “Our goal is to provide the highest quality and most innovative products to our customers, and this acquisition expands our areas of expertise.
“Over the past few decades, brands have turned to organic and natural formulations in response to consumers’ desire for more effective, safe, environmentally friendly and sustainable personal care products,” said PLS President, Micah Halpert, “People care about the products they put on their skin just as much as they care about the food they put in their bodies. We provide the best natural options for brands and consumers.
“When I started developing natural products in 1994, I had no idea that PLS would become an innovator and a leading partner for well-known brands. I am extremely proud of our accomplishments and excited about our future with Cosmetic Solutions,” said PLS Founder and Executive Director, Karl Halpert. “Our valued customers will greatly benefit from the combined capabilities, experience and resources of PLS and Cosmetic Solutions, which we believe will result in the industry’s leading manufacturer of high-quality personal care products.”
Financial terms of the transaction were not disclosed. Funds managed by Lee Equity Partners have invested in Cosmetic Solutions.
About COSMETIC SOLUTIONS
For growth-oriented beauty companies, Cosmetic Solutions is the ideal innovation partner offering the operational excellence of contract manufacturers at scale with the proactive leadership and flexibility to help brands grow and create new commercial value.
As a globally recognized manufacturer of turnkey private label skincare and pioneering results-driven custom formulations, the team of experts partners with high-growth beauty brands to develop skincare products skincare, bodycare, haircare, OTC and professional. For more information, visit www.csinnovationlabs.com.
About LEE EQUITY PARTNERS
Lee Equity Partners is a New York-based private equity firm that partners with successful management teams to build companies with high growth potential. Lee Equity targets equity investments of $50 million to $150 million in mid-market takeover buyouts and growth capital financings in companies with an enterprise value between $100 million and $500 million that are mainly located in North America. The firm invests in a range of industries where the team has deep relationships developed over decades, including business services, financial services and healthcare. Visit www.LeeEquity.com.
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Lee Equity Partners
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KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
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SOURCE: Cosmetic Solutions, LLC
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PUBLISHED: 03/15/2022 16:00 / DISK: 03/15/2022 16:02