Wednesday, November 16, 2005

Soap Maker Buys 100,000-SF Industrial Complex
Last updated: November 15, 2005 09:51am

PATERSON, NJ-Awesome Products, a detergent and soap manufacturer, has purchased a two-building, 100,036-sf manufacturing complex here. The acquisition also includes all of the buildings’ manufacturing equipment.

The seller was ICI Paints, on behalf of its Uniqema division, a Netherlands-based maker of components for the manufacture of personal care and home care products. The sale price was not disclosed.

The sale was arranged on behalf of ICI Paints by a team of brokers from CB Richard Ellis in New Jersey. Involved in the transaction were David Sherman, executive vice president; senior vice presidents Bill Waxman and Marc Trevisan; first vice president Gary Capetta; vice president Nick Nitti; senior associate Carrie Brown and associate Gus Braunschweig. “This facility is well-equipped for Awesome Products,” Waxman says, referring to the asset’s in-place manufacturing equipment.