Diamond Wipes International has announced an equity investment by Nolan Capital – the family office of Peter Nolan, the former Managing Partner and current Senior Advisor at Leonard Green & Partners.
Eve Yen, CEO and Founder at Diamond Wipes, commented: “This investment by Nolan Capital will help Diamond Wipes solidify more than 20 years of our leadership in the disposable wet wipe industry. With the investment we plan a significant expansion of our manufacturing capability in the United States, enabling us to service our existing customers better and grow with new clients.” She added: “We look forward to our partnership with Peter and his family office.”
Yen will remain CEO of the company, maintaining its status as majority female-owned and operated. She founded the company in 1994, originally manufacturing moist hand wipes for local Chinese restaurants. The company has since grown into an international business, employing more than 300 people.
Nolan added: “I look forward to working with Eve and her team on a board level. She is truly a pioneer and a leader in this industry and it’s my hope that Diamond Wipes’ uninterrupted growth will continue under Eve’s leadership.”
Diamond Wipes specialises in contract manufacturing and private label production of disposable moist towels and sample packets. The company is headquartered in Southern California and Ohio.
