Budelpack saves Cosi from closure

By Guy Montague-Jones

- Last updated on GMT

Related tags Cosi Cosmetics

Budelpack has acquired 70 per cent of cosmetics firm Cosi, saving
the struggling contract manufacturer from the brink of financial

Creative Outsourcing Solutions International (Cosi), which makes beauty products on a contract basis, recently cut its workforce after disappointing sales and the loss of a large US customer put the future of the company in question. The company was fighting to remain above water and workers had expressed fears that even if the company survived all non-operational departments would be axed. Over 500 jobs are now secure after leading European competitor Budelpack announced the purchase of Cosi's production plant in Maesteg, Wales. However, uncertainty remains regarding the future of Cosi's smaller site in Littlehampton, West Sussex. Powered by a new business plan Budelpack intends to reverse the fortunes of Cosi, which recorded an annual turnover of €105m in 2006. After spending £9m (€12.8) expanding its site in Maesteg, which it obtained from Revlon in 2001, Cosi had aimed to double its turnover in three years. Since then, sales figures have been well below expectations plunging the company into a cash flow crisis. The business plan designed for Cosi is intended to turn the company around and equip it with a solid basis for profitable growth and increased market presence. Budelpack spokesperson Nanneke Zelle told CosmeticsDesign.com that the acquisition would provide it with new strategic blue-chip partners and strengthen its position in the personal care market. In addition, Zelle said the move would give Budelpack strategic UK-based personal care operations. Netherlands-based Budelpack is a contract manufacturer and packer for the personal care and home care industries generating an annual turnover of €330m.

Related news

Show more

Related products

Collagen Reimagined, Discover Biodesigned Type XXI

Collagen Reimagined, Discover Biodesigned Type XXI

Content provided by Geltor | 20-Mar-2024 | Product Brochure

Collagen is the body’s most abundant protein and a mainstream ingredient for beauty. Type XXI collagen transcends a common protein into a powerful bioactive

Empowering natural barrier function for future-proof skin

Empowering natural barrier function for future-proof skin

Content provided by Lucas Meyer Cosmetics | 14-Mar-2024 | White Paper

Corneopeptyl™ is a new patented peptide biomimetic to the LCE6A protein, obtained by green chemistry-based synthesis. By mimicking the LCE6A protein activity,...

Related suppliers

Follow us


View more


Beauty 4.0 Podcast