Cosmetic packaging manufacturer Risdon has been purchased by private investors for development into an expanded global packaging group with a broader product range and added markets in Asia and Europe.
The new ownership has formed Risdon International to complete Risdon's purchase from Crown Holdings.
Stephen T.Pearlman, Risdon's president since 2001, will continue to head the company. “We are very excited about this new relationship to build on our past success and significantly expand both our product lines and our market presence in Asia and Europe,” said Pearlman. “The new ownership has a thorough understanding of our products and these new markets and is an ideal partner for Risdon as we embark on a new era in the company's development.”
In addition to Mr Pearlman, the former Risdon management team will run the new organisation, with the sales group also remaining in place.