THE WHAT? Contract manufacturer Arizona Natural Resources (ANR) has secured funding from private equity firm Core Industrial Partners. The size of the investment was not disclosed.
THE DETAILS “Since our founding in 1972, we have been dedicated to helping our customers take product ideas and turn them into a recognized brand in the market,” said George Dembow III, President of ANR. “It has been our primary goal to be at the forefront of our field by following five simple principles: quality, service, value, honesty, and innovation. CORE’s values align with our principles and are an excellent fit with our people and company. We look forward to working with CORE to continue innovating and enhancing our unique offering to our valued customers.”
John May, Managing Partner of CORE, added, “ANR enjoys a well-deserved reputation for providing best-in-class customer service and the highest-quality end-to-end manufacturing solutions in the health and beauty space. We’re excited to partner with George and the management team to accelerate the company’s growth as a leading personal care contract manufacturing solutions provider with a particular focus on hair and skin care products.”
THE WHY? Having identified personal care contract manufacturing as an area of interest, Core intends to pursue strategic acquisitions to extend ANR’s product offering and geographic presence.