This article was originally published in The Rose Sheet
CW Cosmetics to manufacture color cosmetics and other products for Revlon's European market after purchasing firm's manufacturing facility and production equipment in Maesteg, Wales for $20 mil., Revlon says. Company will receive $10 mil. on closing and $10 mil. in deferred payment to fund restructuring, according to Revlon. CW Cosmetics will handle manufacturing for Revlon as well as other customers to better "utilize the excess capacity which has burdened the performance of the Maesteg facility," Revlon says
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