PPC Advises ACME Cosmetic Components on Sale Transaction

Promontory Point Capital is excited to announce another one of our firm’s recent client successes.

ACME Cosmetic Components (“ACME”), a portfolio company of Foundation Investment Partners and Kirtland Capital Partners, is a global manufacturer of stamped metal components for the color cosmetics industry. The Company’s products encompass standard and custom godets manufactured from tin and aluminum used to package high-end cosmetics such as blush, powder, lipstick, eyeshadow, and nail polish. ACME is headquartered in New Jersey with additional operations in China and serves a global customer base including prestigious brands such as Estee Lauder, Revlon, Loreal, Maybelline, and Coty.

As ACME’s ownership considered the Company’s next phase of growth and investment, leadership decided to explore strategic alternatives for the business. After being introduced to the Board of Directors and Company leadership, Promontory Point Capital was engaged to advise on options to achieve the desired objectives. PPC prepared a detailed Memorandum, data room, and additional financial materials, led a confidential outreach process to a targeted group of strategic and financial acquirers, and solicited competing offers from parties that desired to acquire the ACME business. PPC’s efforts ultimately resulted in the signing of a Letter of Intent for ACME to be acquired by Federal Tool & Engineering, a portfolio company of Generation Growth Capital. PPC assisted ACME and its ownership group in the closing of this sale transaction representing another successful Done Deal for our firm.