PERSONAL CARE PRODUCTS RECEIVES SUBSTANTIAL INVESTMENT FROM STONE ARCH CAPITAL
Birmingham, Michigan – December 7, 2010 – Angle Advisors is pleased to announce that Personal Care Products, Inc. (“PCP” or the “Company”) has received a substantial investment from Stone Arch Capital. Angle Advisors acted as the exclusive investment banking advisor to Personal Care Products in managing this transaction.
Based in Bingham Farms, MI, Personal Care Products, Inc. is a leading supplier of value branded and private label health, beauty and household care products. The Company provides a broad portfolio of over 350 products across four categories, including health and beauty aids, household cleaning products, cooking sprays, and select private label products. The Company’s health and beauty aids include hand sanitizers, shampoos & conditioners, shave & hair removal, lotions & creams, soaps and deodorants sold under the Personal Care Products® brand. PCP’s household cleaning products include air fresheners, aerosol cleaners, liquid cleaners, and carpet care, dish care and toilet care products sold under the Powerhouse® brand. The Company’s cooking sprays are sold under the Healthy Way® brand. PCP sells its products to dollar store retailers, discount chains, supermarkets, drug wholesalers, and convenience stores throughout North America.
Stone Arch Capital’s investment in PCP will provide the Company with additional capital resources to support its growth within the value branded products market.
Stone Arch Capital (www.stonearchcapital.com) is a private equity fund based in Minneapolis, MN. With a focus on investment in the Midwest, the firm was founded with a commitment to identifying and building value based on patience and discipline. Stone Arch Capital seeks to create shareholder value by forming partnerships with management teams of profitable business with meaningful growth opportunities. With a focus on the lower middle-market, the firm prefers to invest in understandable businesses across a wide variety of manufacturing and service industries, excluding real estate, technology, and commodity industries.
Angle Advisors is one of the country's leading middle-market investment banks, providing advisory services to both public and privately-held corporations, as well as private equity firms. The firm provides a complete portfolio of services, including merger and acquisition advisory, private capital raising, and financial analytical services. With offices in the U.S., Germany, the United Kingdom, and China, the firm is active in transactions across the globe. Please visit www.angleadvisors.com.