BOCA RATON, Fla .– (COMMERCIAL LINE). a manufacturer of organic cosmetics and personal care. 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 the development of skin care products, lip balms, ointments, sun creams and SPF products, tints and lip glosses, and products for mothers and babies. Their experience 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, sourced from 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 QAI certified to ANSI / NSF 305 standard for organic cosmetics, as well as ISO 22716. PLS offers customers the ability to feature both organic and OTC products, including sunscreen and diaper rash cream.
As a father and son company, Private Label Select is a natural fit with Cosmetic Solutions, founded in the early 1990s by Mervyn Becker and now led by her son, CEO, Warren Becker.
“I am thrilled to partner with Micah Halpert and Private Label Select to expand our current product offering and capabilities to include organic and anhydrous,” said Warren Becker, CEO of Cosmetic Solutions, “Our goal is to provide the utmost quality and the most innovative products to our customers and this acquisition broadens our areas of expertise “.
“In recent 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 the products they’re putting on their skin as much as they care about the food they’re putting into 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 develop into a leading innovator and partner for family brands. I am extremely proud of our achievements and excited about our future with Cosmetic Solutions, “said Karl Halpert, founder and executive director of PLS.” 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.
Information on 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 proactive leadership and flexibility to help brands grow and create business value.
As a globally recognized manufacturer of turnkey private label skin care products and cutting-edge, result-oriented custom formulations, the team of experts work with high-growth beauty brands to develop skin care products, 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 works with successful management teams to create companies with strong growth potential. Lee Equity aims for equity investments of $ 50 million to $ 150 million in mid-market control acquisitions and growth capital financing in companies with a corporate value of between $ 100 million and $ 500 million that are primarily located in North America. The firm invests in a wide range of industries in which the team has deep relationships developed over decades, including business services, financial services and health services. Visit www.LeeEquity.com.