BBH Capital Partners Invests in American Spraytech

January 19, 2021
  • Private Banking

American Spaytech is a leading turnkey innovator, formulator, and contract manufacturer of aerosol products specializing in the personal care, cosmetic, and over-the-counter medical segments.

New York, NY, January 19, 2021 — BBH Capital Partners (BBHCP) today announced that it has completed a strategic growth investment in American Spraytech (AST), in partnership with the existing management and founding shareholders of the company. Headquartered in Branchburg, New Jersey, AST is a leading turnkey innovator, formulator and contract manufacturer of aerosol products specializing in the personal care, cosmetic and over-the-counter (OTC) medical segments.

Regarding the new partnership, AST President and CEO Allen S. Lalwani commented, “The AST team is thrilled to join forces with BBHCP for our next phase of growth. We could not have found a more ideal partner than the oldest and most reputed private bank in the United States. BBHCP shares our commitment to the customers, employees and culture of AST. Their strategic and financial support will allow us to pursue several attractive organic and inorganic growth opportunities that will enhance our product offering and help us better serve our customers. AST will work hard to further strengthen its recognized leadership in innovation while continuing to deliver original formulations, high-quality finished products and best-in-class service to all of our customer partners.”

“Allen and his management team are proven executives with a long track record of driving growth, and we are looking forward to our partnership with the entire AST team. We were attracted to AST due to its reputation for innovation and formulation capabilities within the outsourced aerosol manufacturing market,” said Brad Langer, Managing Director of Brown Brothers Harriman & Co. (BBH) and Co-Manager of BBHCP. “In addition to AST’s in-house research and innovation capabilities and full suite of manufacturing solutions, we believe the company’s focus on the personal care, cosmetic and OTC medical end markets is quite attractive due to the stability of these categories.”

 

About American Spraytech

American Spraytech (AST) was founded in 2003 and provides turnkey contract aerosol and bag-on-valve (BOV) manufacturing solutions, including formulation, testing, filling and packaging services. AST’s in-house research and innovation team collaborates with its customers to proactively develop new products or improve on existing products or product categories to enhance consumers’ experience and complement their evolving lifestyle. The company primarily serves customers within the personal care, cosmetic and OTC medical end markets.

 

About BBH Capital Partners

BBH Capital Partners (BBHCP), a private equity strategy of Brown Brothers Harriman & Co., provides friendly capital solutions to growth-oriented middle-market companies. Our flexible investment mandate gives us the ability to act as a control or non-control investor and to structure our investments as a combination of equity and subordinated debt securities as needed. BBHCP typically invests between $40 million and $150 million per platform investment, and our capital is used to support a variety of transactions, including management or leveraged buyouts, growth financings, recapitalizations, buy-and-build strategies and acquisitions.

Brown Brothers Harriman & Co. (“BBH”) may be used as a generic term to reference the company as a whole and/or its various subsidiaries generally. This material and any products or services may be issued or provided in multiple jurisdictions by duly authorized and regulated subsidiaries.This material is for general information and reference purposes only and does not constitute legal, tax or investment advice and is not intended as an offer to sell, or a solicitation to buy securities, services or investment products. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented. This material may not be reproduced, copied or transmitted, or any of the content disclosed to third parties, without the permission of BBH. All trademarks and service marks included are the property of BBH or their respective owners.© Brown Brothers Harriman & Co. 2021 All rights reserved. PB-04235-2021-01-15

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