Diamond Wipes plans manufacturing expansion

Eve Yen, founder and CEO of Chino, Calif.-based Diamond Wipes International Inc., announced an equity investment by Nolan Capital Inc. Nolan Capital is the family office of Peter Nolan, the former managing partner and current senior advisor to Leonard Green & Partners.

"This investment by Nolan Capital will help Diamond Wipes solidify over 20 years of our leadership in the disposable wet wipe industry," Yen said. "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. We look forward to our partnership with Peter and his family office."

Yen will continue in her role as CEO of Diamond Wipes, and the company — which specializes in contract manufacturing and private labeling of disposable moist towels and sample packets — will maintain its majority woman-owned and -operated status.

"I look forward to working with Eve and her team on a board level," stated Peter Nolan, chairman of Nolan Capital. "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."