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Expands its full-service personal care capabilities.
July 21, 2021
By: Charlie Sternberg
PLZ Aeroscience Corporation, an independent specialty aerosol and liquid product manufacturer, has acquired 220 Laboratories, an innovator and formulator of hair, skin and body products. With this combination, PLZ can now offer its customers an end-to-end suite of solutions, from new product ideation and formula development to the custom manufacturing of aerosol and non-aerosol products. Financial terms were not disclosed. The acquisition of 220 Labs is PLZ’s fourth acquisition in the personal care industry in the last two years. In total, PLZ now operates seven personal care facilities across the United States and Canada. Founded in 1991, 220 Labs manufactures a variety of aerosol and non-aerosol personal care products including dry shampoos, conditioners, and body sprays. The company is known as a market leader in product development and has a long track record of innovation. 220 Labs operates out of a 200,000 square foot FDA-registered facility in Riverside, California. “We are thrilled to welcome 220 Labs to our company as we continue to establish PLZ as the partner of choice for personal care brands in North America,” said Aaron Erter, PLZ’s president and CEO. “220 Labs is a renowned innovator and formulator within the personal care industry. We look forward to leveraging these capabilities across our combined enterprise to strengthen the value proposition we bring to our customers.” 220 Labs is led by Ian and Eric Fishman, the second generation of Fishman family leadership at the company. Ian and Eric will continue with 220 Labs following the transaction. “We are incredibly excited for 220 Labs to become part of the PLZ family,” said Ian Fishman. “Over the past 30 years, 220 Labs has established itself as a premier partner for innovative personal care brands, and we will leverage PLZ’s industry experience and national footprint to continue growing our company in its next chapter. We believe our combined company is poised to even better serve our customers in the years to come.” Headquartered outside Chicago, PLZ is owned by Pritzker Private Capital (PPC) and management. With PPC’s support, PLZ has continued to grow organically as well as through five acquisitions in the last two years – Champion Brands in 2021, Mansfield-King and Custom-Pak Products in 2020, and Liquid Technologies and Precise Packaging in 2019. Carriage Hill served as the exclusive advisor to 220 Labs in this transaction.
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