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Cosmetic Essence Completes Financial Restructuring

Contract manufacturer improves balance sheet.

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By: TOM BRANNA

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Cosmetic Essence, a contract manufacturer to the cosmetic industry based in Holmdel, NJ, has completed its financial restructuring, a process it began earlier this year. The effort has resulted in a substantial reduction of its debt. The bank group participating in the company has been consolidated and interest obligations have been significantly reduced, the company announced today. As a result of the transaction, the company has further improved its balance sheet and its overall financi...

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