Coty to expand manufacturing & distribution facilities at Sanford
07 Jun '06
2 min read
Coty Inc announced that it is expanding operations in its Sanford, North Carolina facility. The updated operations will include increased manufacturing and distribution facilities that will allow the leading fragrance company to continue to grow its product offering and customer services capabilities.
Specifically, the new operations will include installation of four new state of the art manufacturing lines and expansion of its distribution capacity.
As a result of this business decision, Coty plans to close its other facility in the U.S. located in Mt. Olive, New Jersey. These operations will be consolidated into the expanded Sanford facility. The company intends to help the 200 Mt. Olive employees find positions within Coty.
“Increasing our manufacturing and distribution capacity in one location in Sanford, North Carolina will allow our Supply Chain organization to support Coty's current and future growth.” stated Gabriel Ripoll, Coty's Senior Operations Executive. “This decision is a testament to Coty's commitment to our retail customers who value flexibility and the ease of working with a single supply source to support our expanding portfolio.”
The expanded Sanford facility and Mt. Olive transition is expected to be completed by the second or third quarter of 2007.
Coty was created in Paris in 1904 by François Coty who is credited with founding the modern fragrance industry. For over 100 years, Coty has delivered innovative products to consumers in 91 markets worldwide.
Coty Inc is the world's largest fragrance company and a recognized leader in global beauty with annual net sales of $2.9 billion. Driven by an entrepreneurial spirit, passion, innovation and creativity, Coty has developed an unrivaled portfolio of more than 35 designer, celebrity and lifestyle brands.
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