CORE Industrial Partners Portfolio Company Arizona Natural Resources Acquires Contract Filling Inc.

CHICAGO–(BUSINESS THREAD)–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 high-end fragrances, deodorants and cosmetic products, of the CORE Arizona Natural Resources (“ANR”) portfolio company, headquartered in Phoenix, Arizona. The acquisition consolidates ANR’s position as one of the largest manufacturers of beauty and personal care products in North America.

Founded in 1983 and headquartered in Cedar Grove, New Jersey, CFI is a well-established contract manufacturer of fragrances and deodorants with nearly four decades of experience. CFI offers a full range of compounding, filling and packaging solutions for a loyal base of major cosmetic brands and luxury fragrance houses. The company’s product offering includes perfumes, cologne, hair sprays, body mists and deodorants. In addition, CFI is one of the few manufacturers in the United States with the unique facility specifications, advanced manufacturing equipment, and safety certifications necessary 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 production 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 at CORE, said, “The acquisition of CFI further advances CORE’s vision to build a leading beauty and personal care contract manufacturing franchise serving both established and emerging brands. Additionally, CFI is very 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 platform national”.

Christine Staples, CEO of ANR, said: “ANR continues 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 favorite in this growing industry. I am excited about this opportunity to redefine the contract manufacturing industry and lead ANR in its next phase of success. With CFI, we have expanded our ability to serve customers worldwide and provide 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 capital that invests in lower middle-market US manufacturing, industrial technology and service companies. The CORE team is made up of highly experienced former CEOs and investment professionals with shared beliefs, deep expertise and a proven track record of building market-leading companies. Through our capital, knowledge and operational experience, CORE partners with management teams and strives to build best-in-class companies with lasting results.

For more information, visit


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

For more information, visit


Arizona Natural Resources (“ANR”) is a leading full-service contract manufacturer, formulator and distributor of customized hair care, skin care, fragrance and cosmetic products. ANR’s turnkey services include formulation, batching, filling, quality assurance, packaging and distribution. ANR specializes in helping emerging brands accelerate speed to market by supporting concept and formula development. 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.

For more information, visit, or

Leave a Comment

Your email address will not be published.