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Wind Point Partners expands contract manufacturing capabilities.
November 14, 2018
By: TOM BRANNA
Editor
Wind Point Partners and portfolio company Vee Pak, LLC, a full-service contract manufacturer to the personal care and beauty industry, acquired Cosmetic Essence Innovations, LLC. A purchase price was not disclosed. CEI, headquartered in Holmdel, NJ, is a leading product development and full-service provider to the beauty and personal care industry with a history of developing unique and transformative formulations for fragrance, hair care and skin care products. Vee Pak is a leading value-added manufacturer of innovative hair care, bath and body, and skin care products to both established and fast-growing emerging brands. The acquisition of CEI will broaden Vee Pak's product offering while also enhancing product development and innovation capabilities. Combined with CEI, Vee Pak can now offer customers expanded manufacturing capabilities through a coast-to-coast network and an international presence. “We are very excited to welcome the CEI team to our platform,” said Vee Pak CEO Richard McEvoy. “The combination is a further step in our goal of helping beauty and personal care brands grow from infancy through to maturity, and I cannot wait to bring the full breadth of our capabilities to our customers.” According to David Stott, managing director, Wind Point Partners, CEI significantly strengthens Vee Pak's strategic position in the marketplace. “Personal and beauty care brands continue to value manufacturing partners that bring new and exciting innovation concepts to the table and act as an extension of their supply chain,” he explained. CEI CEO Peter Martin remarked, “I'm thrilled as the Vee Pak team is the ideal partner for our business given similar philosophies and strategies. I'm confident that Vee Pak will continue to provide world-class service to our existing customers and provide a bright future for our employees.” Founded in 1989, Vee Pak is a full-service partner to the personal care and beauty industry, offering cosmetic and OTC-certified skin care, bath and shower, hair care and sun care products. Headquartered outside of Chicago, Vee Pak operates an OTC-certified facility in Countryside, Illinois, a state-of-the-art warehouse in Hodgkins, IL, and manufacturing and warehouse facilities in New Albany, Ohio, and Chatsworth, California.
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