PLZ buys Mansfield-King

PLZ, which is backed by Pritzker Private Capital, has acquired Indianapolis-based Mansfield-King LLC, a contract manufacturer of specialty personal care products.

PLZ, which is backed by Pritzker Private Capital, has acquired Indianapolis-based Mansfield-King LLC, a contract manufacturer of specialty personal care products. The seller was Mansfield-King founder and owner Charles Haywood. No financial terms were disclosed.

PRESS RELEASE

DOWNERS GROVE, Illinois – Sept. 2, 2020 – PLZ Aeroscience Corporation (“PLZ”), the North American leader in specialty aerosol and liquid product manufacturing, today announced it has acquired Mansfield-King, LLC (“Mansfield-King”), a leading contract manufacturer of specialty personal care products, from Founder and Owner, Charles Haywood. Financial terms of the acquisition were not disclosed. With this acquisition, PLZ adds a Midwest facility dedicated to manufacturing personal care liquid products to its full-service personal care network, which includes one liquids facility in California and four aerosol facilities across the United States and Canada.

As one of the fastest-growing personal care manufacturers in the U.S., Mansfield-King produces a variety of personal care products for its customers in addition to offering end-to-end solutions from product development and formulation to blending, filling and packaging. Mansfield-King serves as a valued strategic partner to mid-sized brands and maintains long-standing relationships with its customers across the professional, multicultural/textured and men’s grooming markets. Mansfield-King is led by Mr. Haywood and Executive Vice President, Tom Lehman, who are supported by a talented, tenured team across the company’s Research & Development, Quality and Production functions.

“We are very excited to be partnering with the Mansfield-King team,” said Ed Byczynski, PLZ’s President and CEO. “Mansfield-King is a leading innovator within the specialty personal care market, and we believe they will be a fantastic addition to PLZ as we continue growing our personal care footprint across North America.”
“I am excited to have found a like-minded partner in PLZ that will bring added resources, deep industry experience and R&D expertise to complement our talented team,” said Mr. Haywood. “Our partnership with PLZ will propel the combined company forward into its next chapter as we continue to deliver exceptional innovation, quality and service to our customers.”

“We are very excited to be partnering with PLZ, and we believe this combination will allow both of our businesses to better serve our customers within the specialty personal care market,” added Mr. Lehman.

Headquartered outside Chicago, PLZ is the North American leader in specialty aerosol and liquid product manufacturing. This acquisition builds on PLZ’s 2019 acquisition of California-based Liquid Technologies, Inc., which expanded PLZ’s liquid production capabilities and customer base within the personal care market. The PLZ family of companies specializes in the development, manufacturing, packaging and distribution of a comprehensive line of contract fill, branded and private-label products for a variety of consumer and industrial end markets. PLZ is owned by Pritzker Private Capital and management.

About PLZ Aeroscience
PLZ Aeroscience is the North American leader in specialty aerosol and liquid product manufacturing. The PLZ family of companies specializes in the development, manufacturing, packaging and distribution of a comprehensive line of contract fill, branded and private-label products. PLZ formulates, blends, fills and packages more than 2,500 branded and private-label products including personal care products, cleaners and polishes, industrial solvents, lubricants and degreasers, adhesives, sanitary supply disinfectants, insecticides and air fresheners for home and industrial use. For more information, visit PLZAeroscience.com.

About Mansfield-King
Founded in 2005 and headquartered in Indianapolis, Indiana, Mansfield-King is a leading contract manufacturer of specialty personal care products for the professional, multicultural/textured and men’s grooming markets. The Company manufactures products such as shampoos, conditioners, pomades, gels and creams and offers end-to-end solutions from product development and formulation to blending, filling and packaging. Mansfield-King is a strategic partner to mid-sized brands and maintains long-standing relationships with its customers across each end market. For more information, visit MansfieldKing.com.

About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur and family owned companies. For more information, visit PPCPartners.com.