Elevation Labs to acquire Scott’s Liquid Gold manufacturing operation

DENVER — Scott’s Liquid Gold Inc. (OTCMKTS: SLGD) has signed an agreement to sell its Denver manufacturing operation to Elevation Labs Colorado, formerly known as Colorado Quality Products LLC, a beauty and personal-care manufacturer based in Aurora.

Elevation will assume Scott’s remaining facilities and corporate office leases, with net cash proceeds to Scott’s of $500,000, according to a press release announcing the transaction. The companies agreed to enter a manufacturing and supply agreement through mid-2020, during which the facility will continue to produce Scott’s products as it transitions to long-term manufacturing partners.

Elevations said it would retain the Scott’s work force for…