THE WHAT? Personal fairness agency Keystone Capital has acquired a stake in Penta Positive Components, a long-established provider of specialty elements used within the perfume, flavors, and private care industries.
THE DETAILS Based mostly in New Jersey, Penta Positive Components provides a large portfolio of intermediate and specialty elements to international producers and distributors. Whereas the corporate serves a number of sectors, together with prescription drugs, its supplies are extensively used within the improvement and manufacturing of fragrances and private care merchandise. As a part of the funding, Keystone has appointed trade veteran Mike Measurement as CEO. Measurement beforehand held senior roles at corporations together with Mane Flavors and Givaudan, each key gamers in perfume and ingredient improvement.
THE WHY? The funding positions Penta to develop its presence within the perfume and private care markets, areas of rising international demand. With deep buyer relationships and a longtime manufacturing base, Penta is predicted to pursue strategic acquisitions and scale its operations in response to growing formulation complexity and clear label ingredient developments in magnificence and private care.
