Private-label pencil producer buys Cosmolab
This article was originally published in The Rose Sheet
Executive Summary
Schwan-Stabilo Cosmetics - the private-label manufacturer of cosmetics pencils that "counts almost all internationally renowned cosmetics companies amongst its customers" - has purchased bankrupt, century-old Cosmolab, according to April 9 release. Cosmolab - expected to generate $40 mil. in revenue in 2010 - will continue to operate as an independent company, manufacturing pencils at its facility in Lewisburg, Tenn. Schwan-Stabilo Managing Director Ulrich Griebel says Cosmolab's "know-how and production capability" will complement the German firm's business. The acquisition allows Schwan-Stabilo to offer products at different price points, the company says