MidOcean Partners Announces Agilex Fragrances Acquires Airabella, LLC to Strengthen Position as Middle Market Fragrance Provider
July 28, 2015
New York – MidOcean Partners (“MidOcean”), a premier middle market private equity firm, is pleased to announce that on July 28, 2015 Agilex Fragrances has acquired the assets of Texas-based Airabella. This strategic combination will enhance Agilex’s role as the leading middle market fragrance company in the United States.
With recognized expertise in Air Care, Home Care, Personal Care, Fine Fragrance and Industrial applications, Agilex is the preferred creative fragrance partner for companies seeking to maximize the value of their brands. Agilex CEO Ray Hughes stated, “The addition of Airabella to the Agilex portfolio further strengthens our position in the United States by enlarging our presence in certain geographies and making our product line available to a whole new group of consumer packaged goods companies.”
Airabella was established in 2010 by Bryant and Cheri Gauthier. Over the last five years the business has expanded both organically and through acquisition. President & owner Bryant Gauthier added, “Everyone at Airabella appreciates the trust you have placed with us in the past and believes that Agilex’s unique combination of large company resources and small company values makes them the perfect partner. Agilex offers the highest quality fragrances, world-class customer service, comprehensive regulatory support, and superior manufacturing capabilities. There will be a seamless transition and no change in our customers’ product support level. We are also very excited that our clients have now immediate access to the additional expertise and resources of Agilex.”
Agilex Fragrances has manufacturing facilities in Branchburg, NJ, Canton, GA and Zhaoqing, China along with a Creative Center in Piscataway, NJ. Airabella’s Houston, TX operations will be absorbed into these existing Agilex facilities. Agilex Fragrances’ management has also expressed a strong desire to transition a number of the current staff of Airabella, LLC.
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About Agilex Fragrances
Headquartered in Piscataway, New Jersey, Agilex is the leading provider of fragrance compounds and delivery systems in the middle market. The Company possesses leading creative and technical capabilities for the customers it serves, which are primarily manufacturers of air care, personal care, industrial and institutional and household products throughout the United States. Additional information about Agilex is available at www.agilexfandf.com.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed approximately $4.8 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages over $8 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of December 31, 2019.
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