It looks like your lipstick will still come in a tube. A Waterbury cosmetic company that makes containers for the stuff that makes women beautiful has hopes of reopening.
Watertown-based Risdon International Inc.. which furloughed nearly 300 workers nationwide last week, had "constructive" talks with its bank. Now it hopes to avoid bankruptcy and reopen soon, officials at the cosmetics packaging company said.
Risdon shut down operations after its bank cut off its line of credit and swept its accounts last week, including its payroll funds. Off the 300 workers furloughed, 65 are in Connecticut.
Risdon makes cosmetics packaging products that include lipstick tubes, mascara vials and brushes, finishes for perfume bottles and other types of caps and closures.
It has U.S. manufacturing facilities in Middletown, N.Y., and Laconia, N.H.; and others in Canada, Mexico and China.
