CHICAGO–(BUSINESS WIRE)–CORE Industrial Partners (“CORE”), a Chicago-based private equity firm, today announced the acquisition of Contract Filling Inc. (“CFI” or the “Company”), a specialty contract manufacturer of premium fragrances, deodorants and cosmetic products, from the CORE portfolio company Arizona Natural Resources (“ANR”), based in Phoenix, Arizona. The acquisition strengthens ANR’s position as one of the largest manufacturers of personal care and beauty products in North America.

Founded in 1983 and headquartered in Cedar Grove, New Jersey, CFI is a well-known contract manufacturer of fragrances and deodorants with nearly four decades of experience. CFI offers a complete range of mixing, filling and packaging solutions to a loyal base of leading cosmetic brands and luxury fragrance houses. The Company’s product offering includes perfume, cologne, hairspray, body mist and deodorant. Additionally, CFI is one of the few manufacturers in the United States with the unique facility specifications, advanced manufacturing equipment, and safety certifications required to produce alcohol-based personal care products.

CFI represents the fourth addition to CORE’s ANR platform. Together, CFI and ANR have more than 800,000 square feet of manufacturing space and 70 filling lines at four manufacturing facilities in Arizona, California, Nebraska and New Jersey. The combination will expand ANR’s product portfolio in the premium fragrance category and enable the platform to serve a wider range of personal care and beauty applications across a broad spectrum of unit sizes.

Frank Papa, Senior Partner of CORE, said: “The acquisition of CFI further advances CORE’s vision to build a premier beauty and personal care contract manufacturing franchise serving established and emerging brands. In addition, CFI is highly complementary to the ANR platform, expanding our geographic reach with an East Coast presence and expanding our product portfolio by adding fragrances and deodorants. We are pleased to add CFI to ANR and will continue to pursue complementary acquisitions as we build our nationwide platform.”

Christine Staples, CEO of ANR, said: “ANR is continuing our expansion into the personal care and beauty market and we continue to actively invest in the infrastructure, technology and human expertise needed to become the manufacturer of choice in this industry growing. I am excited about this opportunity to redefine the contract manufacturing industry and lead ANR into its next phase of success. With CFI, we have expanded our ability to serve customers around the world and to provided unmatched product innovation, formulation expertise, and manufacturing and logistics services.”

Norton Rose Fulbright provided legal representation to CORE and ANR in the transaction.


CORE Industrial Partners is an industrial-focused private equity firm with more than $700 million in equity investments in North American lower middle market manufacturing, industrial technology and services businesses. The CORE team consists of experienced former CEOs and investment professionals with shared beliefs, deep experience and a proven track record of building market-leading businesses. Through our capital, knowledge and operational expertise, CORE partners with management teams and strives to build best-in-class companies with sustainable results.

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Contract Filling Inc. (“CFI”) is a leading contract manufacturer of alcohol-based personal care products with extensive blending, filling and packaging capabilities. CFI’s product offering includes perfume, cologne, hairspray, body mist and deodorant sticks. With flexible long and short run manufacturing capabilities, CFI has the expertise and equipment to fill container sizes ranging from 0.5 mL – 32.0 fl oz. CFI was founded in 1983 and operates from a highly specialized 145,000 square foot facility located in Cedar Grove, New Jersey.

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Arizona Natural Resources (“ANR”) is a leading full-service contract manufacturer, formulator and distributor of personalized hair care, skin care, fragrance and cosmetic products. ANR’s services include formulation, batching, filling, quality assurance, packaging and distribution. ANR specializes in helping emerging brands accelerate speed to market through concept and formula development support. With locations in Arizona, California, Nebraska and New Jersey, the Company operates out of four FDA-registered, cGMP-compliant facilities with more than 800,000 square feet of manufacturing space.

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