The move is the first step in a broader plan to build up the next major North American beauty manufacturer, said John May, managing partner at Core.
Chicago private equity firm Core Industrial Partners has closed a majority investment in Arizona Natural Resources.
ANR, headquartered in Phoenix and founded in 1972, operates a midsize beauty manufacturing business that makes custom product formulations, specializing in skin care and hair care. “The focus of ANR has been around supporting the emerging and midtier brands and helping them accelerate their growth,” said May in an interview.
“We’ve been studying the health and beauty industry for the better part of a year, we’ve been looking for the right entry point to make,” May said.
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