Sole Source buys consumer products maker Westwood

This is Sole Source Capital’s first investment in the contract manufacturing industry.

  • Westwood was founded in 1948 in Azusa, California
  • Tony De Vos is founder of Westwood Lab
  • Sole Source Capital invests in the industrial subsector

Sole Source Capital has acquired Westwood Laboratories, a maker of consumer staple products in the beauty, personal care, pet and over-the-counter drug end markets. No financial terms were disclosed.

This is Sole Source Capital’s first investment in the contract manufacturing industry.

Westwood was founded in 1948 in Azusa, California.

“We were attracted to Westwood’s ability to provide a full-service product offering in the contract manufacturing space to a diverse mix of established and emerging consumer brands in the recession-resilient personal care, pet, and over-the-counter drug end markets. The company employs an impressive formulary team of industry veterans with decades of experience in developing cutting-edge products,” said David Fredston, founder and CEO of Sole Source Capital, in a statement. “Additionally, we believe the contract manufacturing industry has been exhibiting strong secular tailwinds – offering significant growth potential for the company – and are excited to be entering this expanding space.”

Founded in 2016 by David Fredston, Sole Source Capital invests in industrial subsectors. The private equity firm is based in Dallas.