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Private Investors doing business as Tea House Partners Ltd. have purchased cosmetic packaging and components manufacturer Crown Risdon from Crown Holdings. The acquisition reportedly is in efforts to create a new global packaging group, as the partnership has said it will use Crown Risdon as the base for moving into other areas of the cosmetics packaging industry.
Crown Risdon provides cosmetics caps and closures, eye care products, lipsticks, lip gloss and compacts to the cosmetics industry. Current president of the company, Steve Pearlman, will remain the president of the new company, Risdon International Inc.