Stephan T Pearlman, president of newly formed Risdon International, stated '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'.
The move signifies the company's desire to develop their brand name further and to take advantage of opportunities for further growth into international markets and establish themselves further as a standard setting company within the packaging industry, planning to do so by creating broader product offers to further target the cosmetics market.
'This investment provides us with a solid platform to capitalize on numerous growth opportunities for building a global packaging company that will become the standard for excellence, quality and service' said Thomas P B Frater, chairman of Risdon International.
Despite the restructuring the new organization will be mainly staffed by Risdon employees, with the majority of the management and sales teams retaining their positions, including newly appointed Executive Vice President, Faqueer Ahmad.
Ridson International is one of the world's leading providers of cosmetic packaging products, specializing in fragrance and color cosmetics packaging. Its facilities are spread throughout the US and Europe, clients include L'Oreal, Coty, Shiseido and Avon.
In recent years the company has invested significant money in implementing MRP systems at all its production facilities in an effort to incorporate the latest software and hardware technologies into the manufacturing operations.
Across all its manufacturing facilities the company has developed packaging capabilities in lipcare, eye care, caps and closures as well as providing complete design solutions.