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No purchase price announced for $40 million business.
April 19, 2010
By: TOM BRANNA
Bankrupt Cosmolab was acquired by Schwan-Stabilo through its All4 Cosmetics Inc. subsidiary. A purchase price was not disclosed. Cosmolab will continue to make cosmetics pencils at its Lewisburg, TN facility, and it is expected to have total revenues of $40 million this year, according to Schwan-Stabilo. Schwan-Stabilo is a private-label cosmetics manufacturer for a variety of companies, including Revlon and Chanel. It is part of the Schwan-Stabilo Group, which includes writing instruments and sports equipment in addition to cosmetics, reported total 2008-09 fiscal year revenues of moe than $500 million. The company has about 3,500 employees, and is said to have brought the first cosmetics pencil to market in 1927.
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