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Closes sale of its manufacturing operation to Elevation Labs.
March 12, 2020
By: Charlie Sternberg
Associate Editor
Scott’s Liquid Gold-Inc. has closed the previously announced sale of its manufacturing operation to an affiliate of Elevation Labs, a beauty and personal care manufacturer. Elevation assumed Scott’s remaining facilities & corporate office leases, and Scott’s received net cash proceeds of $0.5 million. The companies also agreed to enter into a manufacturing and supply agreement under which Elevation will manufacture Scott’s products during the transition. Mark Goldstein, CEO and chairman...
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