10.21.15
Canadian contract manufacturer Knowlton Development Corporation (KDC) has acquired the California-based manufacturer Cosmetic Technologies.
KDC is based in Longueuil, Québec,and is a leading contract manufacturer of health and beauty-care products.
Cosmetic Technologies, based in California, is a contract manufacturer that provides turnkey solutions from initial product concept, to formulation, manufacturing, packaging, and warehousing for cosmetics and persoanl care products.
Last week, KDC acquired Kolmar, a New-York-based custom formulator and manufacturer of color cosmetics, personal care and skincare products.
The transaction is being financed by KDC's parent company NOVACAP, and will expand
KDC's manufacturing capabilities to the West Coast.
"California is well known for its innovative products and its upscale, independent brands," said Nicholas Whitley, President/CEO, KDC. "With the acquisition of Cosmetic Technologies, we are able to expand our manufacturing capabilities to the West Coast and serve our clients there on a local basis, which is what they want. Furthermore, it allows us to manufacture smaller orders, starting at 5,000 units, for high-end products, while using our network of facilities to help these niche and independent West Coast brands grow into larger markets."
Whitley continued, "We were particularly impressed with Cosmetic Technologies' highly-skilled management team and their deep industry experience and relationships, including an R&D staff with top chemical engineering talent."
Michel Coté, KDC's chairman/sr. partner, NOVACAP commented, "Cosmetic Technologies is a relatively smaller acquisition than Kolmar, but it is nonetheless very strategic for KDC. It has an impressive track record of financial performance in recent years and is well positioned for continued long-term future growth. It also allows us to widen our manufacturing and servicing capabilities, and will contribute in the mid to long term to the success of all our clients, and to our positioning as an industry leader all over North America."
KDC is based in Longueuil, Québec,and is a leading contract manufacturer of health and beauty-care products.
Cosmetic Technologies, based in California, is a contract manufacturer that provides turnkey solutions from initial product concept, to formulation, manufacturing, packaging, and warehousing for cosmetics and persoanl care products.
Last week, KDC acquired Kolmar, a New-York-based custom formulator and manufacturer of color cosmetics, personal care and skincare products.
The transaction is being financed by KDC's parent company NOVACAP, and will expand
KDC's manufacturing capabilities to the West Coast.
"California is well known for its innovative products and its upscale, independent brands," said Nicholas Whitley, President/CEO, KDC. "With the acquisition of Cosmetic Technologies, we are able to expand our manufacturing capabilities to the West Coast and serve our clients there on a local basis, which is what they want. Furthermore, it allows us to manufacture smaller orders, starting at 5,000 units, for high-end products, while using our network of facilities to help these niche and independent West Coast brands grow into larger markets."
Whitley continued, "We were particularly impressed with Cosmetic Technologies' highly-skilled management team and their deep industry experience and relationships, including an R&D staff with top chemical engineering talent."
Michel Coté, KDC's chairman/sr. partner, NOVACAP commented, "Cosmetic Technologies is a relatively smaller acquisition than Kolmar, but it is nonetheless very strategic for KDC. It has an impressive track record of financial performance in recent years and is well positioned for continued long-term future growth. It also allows us to widen our manufacturing and servicing capabilities, and will contribute in the mid to long term to the success of all our clients, and to our positioning as an industry leader all over North America."