Arizona Natural Resources, a portfolio company of private equity firm CORE Industrial Partners, has acquired HealthSpecialty, a full-service contract manufacturer of skin, body and hair care products.
HS is a turnkey provider of R&D, formulation, compounding, filling and packaging services for the personal care industry. The firm offers an in-house research and development team that has developed a portfolio of over 4,500 formulas for skin creams, body lotions, serums, sunscreen and OTC products.
The deal will expand ANR’s product portfolio in the premium skincare category and will allow the firm to serve a broader range of personal care and beauty customers.
“Our investment in HealthSpecialty continues CORE’s focus on building a leading beauty and personal care contract manufacturing franchise serving both established and emerging brands,” commented Frank Papa, CORE senior partner. “We believe the combination of HealthSpecialty with ANR will prove highly impactful in both augmenting the platform’s existing product offerings and adding new capabilities and geographic reach.”
Norton Rose Fulbright provided legal representation to CORE and ANR in the transaction.