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Cosmetic Essence Successfully Restructured

The contract manufacturer has about $300 million in revenue.

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By: Jamie Matusow

Editor-in-Chief

Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, announced that it has led a successful restructuring of Cosmetic Essence, Inc., a leading contract manufacturer for the cosmetics, fragrance, and skin care industries with approximately $300 million in revenue.

“This successful financial restructuring demonstrates the confidence our new partners have in the long-term potential of our company,” says Vincent Langone, Cosmetic Essence’s interim chief executive who has overseen the company’s recent turnaround efforts. “As a result of their support, we are now better positioned to focus our efforts on the continued implementation of our strategic plan. I would like to especially thank our loyal employees, customers and suppliers who have supported us during this process.”

Richard E. Maybaum, a managing director of distressed investments at Littlejohn, says, “We saw the potential for a restructuring of Cosmetic Essence and believe that the company is now properly capitalized to pursue its objectives.” Edmund J. Feeley and David E. Simon, both managing directors of Littlejohn will be joining the Board of Directors of the company. The combined interests of Littlejohn and Garrison will represent the majority of the owners. Simon added that “Cosmetic Essence represents a leading platform in the cosmetics and personal care contract manufacturing sector and we are actively focused on supporting the company’s efforts with its customers and identifying possible add-on acquisitions to further strengthen the business.”


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