Knowlton Development Corp. (KDC), a leading contract manufacturer of health and beauty-care products headquartered in Longueuil, Québec, announced the acquisition of Cosmetic Technologies on October 15. Cosmetic Technologies is a California-based cosmetics and personal care products contract manufacturer providing turnkey solutions from product concept to formulation, manufacturing, packaging and warehousing. This transaction follows the acquisition a week earlier of Kolmar, a New-York-based custom formulator and manufacturer of color cosmetics, personal care and skincare products; and the acquisition ten months ago, of ChemAid, a formulator and manufacturer of skincare, hair care and bath and body products based in New Jersey. The Cosmetic Technologies transaction is being financed by KDC’s parent company NOVACAP, through its NOVACAP Industries IV fund, in partnership with La Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada (EDC), Fondaction CSN and other institutional partners.
This financial activity strengthens KDC’s evolution as a leader in the supply of products and delivery solutions to prominent brands, and extends its manufacturing capabilities — and ability to produce smaller orders, starting at 5,000 units of high-end products, into the West Coast.
