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TPR Holdings (New York) announced its acquisition of Trilogy Fragrances (Lakewood, NJ), developer and manufacturer of natural and organic fragrances for the personal care industry. "The natural and organic fragrance sector is an attractive market. As a leader in the natural fragrance category, Trilogy offers a fantastic platform for strong expansion and further category growth," said Brian Robinson, president of TPR Holdings.
Of the sale, Richard Pisano Jr., formerly of Trilogy Fragrances Inc., whose family were the Trilogy majority shareholders, said, "For over 75 years, the Pisano family's focus has been on its core business of ingredients. In our decision to sell the business to TPR we considered that they were an organization with proven global expertise and substantial resources that should provide a more appropriate fit for Trilogy Fragrances."
All of Trilogy's current staff and management are being retained, as well as the company's headquarters in Lakewood.