International Cosmetic Suppliers, Ltd. (ICS) and ShawKwei & Partners have announced a strategic growth investment in ICS. This investment helps spring ICS into a new phase of growth and expansion enabling ICS to further expand its R&D, sales and business development, and manufacturing services.
ICS will continue to be led by ICS CEO and founder Sue Nichols along with its current management team.
“We are excited for this new phase in our growth,” ICS CEO and founder Sue Nichols said. “The investment represents a milestone for ICS and the global customer base we have established and will enable ICS to capitalize on the many growth opportunities in front of us. The investment accelerates our R&D, sales and business development, and manufacturing services in turn allowing us to provide even more services and support to our clients.”
“Over the last 30 years, [Nichols] has built ICS into a highly respected cosmetic packaging supplier supporting many of today’s global brands,” ShawKwei founder Kyle Shaw said. “We will be working with [Nichols] to pursue strategic acquisitions in Asia, [United States] and Europe to increase the depth and breadth of ICS’ already extensive capabilities and customer offerings.”