Tweezerman Grows Due to Rise in DIY Beauty Fueled by COVID
An increase in do-it-yourself beauty treatments due to COVID-19 has led Tweezerman International LLC to propose an $ 8.5 million expansion of its headquarters and warehouse in Port Washington, executives said.
The salesman of tweezers, nail clippers, eyelash curlers and other personal care products wants to add 16,000 square feet to his 61,300 square foot facility at 2 Tri-Harbor Court.
The project would add 11 jobs to the company’s 110 employees. Records show that employees earn between $ 50,000 and $ 150,000 per year, including the value of health insurance and other benefits.
However, the expansion will not happen without tax breaks from Nassau County, said Michael Schley, chief financial officer and chief operating officer of Tweezerman.
Without this help, the company’s German parent company will likely shut down the Port Washington operation and “pursue the most cost-effective options of offshoring or outsourcing” work to suppliers, he wrote in a request. County Industrial Development Agency tax incentives.
Daniel P. Deegan, Tweezerman’s real estate attorney, said the company’s business “has really exploded over the past few years” in part because of an increase in the beauty of DIY during the pandemic, as some clients avoid salons for fear of the coronavirus.
“Because [Tweezerman] is controlled by an international company, [local executives] must justify the proposed investment “in the Port Washington facility, he said at the IDA meeting last month.” Germany’s leadership is to consider other locations. We’re trying to make the best case for staying here and we need IDA’s help to do it. “
IDA’s board of directors voted unanimously to begin negotiations with Tweezerman for tax breaks. The company has requested a sales tax exemption of up to $ 458,000 and 20 years of property tax savings, according to its request for assistance.
“It’s a very impressive company and we want to keep them here,” IDA President Richard Kessel said.
Maritime Cliff Roots
Tweezerman was founded in 1980 by Dal LaMagna of Sea Cliff with an investment of $ 500. In an interview with Newsday in 1996, LaMagna said he came up with the idea for the business when he was unable to find a pair of tweezers capable of removing a splinter in his butt after having sunbathed on a California rooftop in the 1970s.
The company grew to have a factory in India and offices in Houston. In 2003, LaMagna was successful in securing $ 4 million in taxable bonds and $ 357,750 in tax savings from IDA to purchase and renovate the Tri-Harbor Court building and hire 15 workers, according to records by IDA. He had threatened to move the business to Houston.
A year later, LaMagna, a Democrat who aspired to be a congressman, sold Tweezerman to Zwilling JA Henckels Co. The German premium cutlery maker paid off. over $ 50 million for Tweezerman, which then had 178 employees.
As part of the sale, Tweezerman repaid the bonds and IDA recouped $ 164,335 in tax savings given to the company, IDA records show.
“The recovery event was not due to wrongdoing or Tweezerman’s failure to meet his obligations to IDA,” Kessel said last week. “There has been a change in the ownership of the company. It happens frequently,” he said.
Tweezerman, through his attorney, declined to comment on IDA’s previous incentive program.