Specialty aerosol and liquid product manufacturer PLZ Aeroscience Corp. (PLZ), Downers Grove, IL, announced the acquisition of 220 Laboratories, Riverside, CA, formulator of hair, skin and body 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 U.S. 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 has a long track record of product development and innovation, said PLZ.
“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 President & 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. “We believe our combined company is poised to even better serve our customers in the years to come.”
PLZ is owned by Pritzker Private Capital and management. Carriage Hill served as the exclusive advisor to 220 Labs in this transaction.