Cosmetic Solutions introduces organic and anhydrous capabilities with Acquisition of Private Label Select
Boca Raton, FL, March 15, 2022 – Cosmetic Solutions, LLC (“Cosmetic Solutions”), a leading innovation partner for turnkey private label skin care, custom formulation, and contract manufacturing, today announced its acquisition of New Mexico-based Private Label Select (“PLS”), an organic cosmetics and personal care manufacturer. PLS President Micah Halpert brings his organic and natural product development expertise to his new role as Vice President of Business Development for Cosmetic Solutions.
Private Label Select specializes in product development for skincare, lip balms, salves, sunscreens and SPF products, lip tints and glosses, and products for mother & baby. Their expertise in organic and natural formulations dates to 1994, when Karl Halpert, Micah’s father and PLS Executive Director, 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 factories in the United States to be Certified Organic to 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 feature products that are both organic and OTC, including sunscreen and diaper rash cream.
As a father and son business, Private Label Select is a natural fit with Cosmetic Solutions, which was established 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,” said Cosmetic Solutions CEO Warren Becker, “Our goal is to provide the highest quality, most innovative products to our customers, and this acquisition expands our areas of expertise.”
“Over the past few decades, brands have shifted 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 what products they’re putting on their skin, just as much as they care about what food they’re putting in their bodies. We offer the best natural options for both brands and customers.”
“When I started developing natural products in 1994, I had no idea that PLS would transform into a leading innovator and partner for household name brands. I am tremendously proud of our accomplishments, and enthusiastic about our future with Cosmetic Solutions,” said PLS Founder and Executive Director Karl Halpert. “Our valued customers will benefit greatly from PLS and Cosmetic Solutions’ combined capabilities, experience, and resources, which we believe will result in the premier manufacturer of high- quality personal care in the industry.”
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 large-scale contract manufacturers with the pro-active leadership and flexibility to help brands grow and create commercial value.
As a globally recognized manufacturer of turnkey private label skincare, and pioneering, results-driven custom formulations, the expert team partners with high-growth beauty brands to develop skincare, body care, hair care, OTC, and professional products. 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 strong growth potential. Lee Equity targets equity investments of $50 million to $150 million in middle-market control buyouts and growth capital financings in companies with enterprise values of $100 million to $500 million that are located primarily 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 services. Visit www.LeeEquity.com.
Courtney Regan, Director of Global Marketing and Brand Development
Cosmetic Solutions Innovation Labs