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Coty to Close Rocky Point Plant
Posted: November 23, 2010
Coty, Inc. has announced that it will end production at its manufacturing plant in Rocky Point, North Carolina, by summer 2011. The decision to close Rocky Point manufacturing was originally announced in May 2009. Since then, Coty has pursued the potential sale of the Rocky Point facility to a third party manufacturer in hopes of minimizing total job losses. Unfortunately, no potential buyer has been able to conclude the purchase. However, Coty remains open to explore new opportunities if they should arise.
The distribution function located in the same facility is also in the closure process and is scheduled to be completed by Dec. 31, 2010. The manufacturing closure will affect approximately 330 Coty employees, in addition to the 100 distribution employees already in the layoff process.
The Rocky Point facility was acquired by Coty from Del Laboratories on Dec. 31, 2007. The core manufacturing consists of Sally Hansen and New York Color Nail Color and Treatments, Sally Hansen Bleaches and Depilatories and the packaging of La Cross Beauty Tools. The closure of manufacturing and distribution in Rocky Point is part of a consolidation strategy to strengthen Coty’s ability to serve its North American customer base.