COSi, the Developer of Cosmetics and Personal Care Products for the Health and Beauty Industry, Completes Refinancing; Continues Global Expansion

Creative Outsourcing Solutions International (COSi), UK’s leading developer and contract manufacturer of cosmetics and toiletries, completed a refinancing on 21st February 2006, obtaining new funds for the working capital needs of the business as well as for investment in the group’s strategic initiatives.

(PRWEB) March 8, 2006 -- Creative Outsourcing Solutions International (COSi), UK’s leading developer and contract manufacturer of cosmetics and toiletries, completed a refinancing on 21st February 2006, obtaining new funds for the working capital needs of the business as well as for investment in the group’s strategic initiatives.

COSi’s new comprehensive debt package includes asset based lending facilities provided by Venture Structured Finance.

Management is delighted with the outcome of the refinance and the flexibility of the facilities we now have in place. As a manufacturer, asset based lending has proved to be a very attractive option, and we have found Venture Structured Finance to be innovative in the way they’ve structured the deal.

Our next step is to move forward with plans to establish operations around the world in regions where our customers most need our services

I have no doubt that COSi will be successful in our quest to become the best in our industry.

COSi’s Chief Finance Officer, Alison Henriksen, commented, “Management is delighted with the outcome of the refinance and the flexibility of the facilities we now have in place. As a manufacturer, asset based lending has proved to be a very attractive option, and we have found Venture Structured Finance to be innovative in the way they’ve structured the deal.”

COSi produce colour cosmetics and toiletries for major brand owners all over the world from its plants in Wales and West Sussex. Despite tough trading conditions in 2005, the company outperformed many of its UK competitors through efficient manufacturing techniques and an aggressive programme of sales expansion into Europe and the US. Early last year sales offices were established in mainland Europe, China and the US.

COSi’s CEO Bob Tolan said, “The refinancing enables us to move forward with the strategic initiatives that will accelerate the growth of COSi. We are well prepared and extremely focused on our strategy to achieve a leadership position worldwide.

“Our next step is to move forward with plans to establish operations around the world in regions where our customers most need our services,” Tolan continued. “I have no doubt that COSi will be successful in our quest to become the best in our industry.”

For more information please contact:

Jenny McGregor
Corporate Development Manager
Phone:    +44 (0)1903 278085
Mobile:   +44 (0)7917 343014
Fax:   +44 (0)1903 278004

Creative Outsourcing Solutions International Limited
Watersmead Business Park
Littlehampton
West Sussex
BN16 4FW

Interviews
Both Bob Tolan (CEO) and Alison Henriksen (CFO) are available to be interviewed. Please make arrangements with Jenny McGregor.

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cosi contract manufacturer refinancing package

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