Core Industrial Partners Invests in Arizona Natural Resources
Summary
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. 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.