Newly recaped KDC acquires beauty products manufacturer ChemAid
Knowlton Development Corp (KDC) has bought ChemAid Laboratories Inc, a manufacturer of skincare, hair care and bath and body products based in Saddle Brook, New Jersey. The deal's financial terms were not released. The acquisition is KDC's first disclosed since its $165 million recapitalization last October by Canadian private equity firm Novacap in partnership with the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec and other investors. KDC, a Knowlton, Québec-based provider of health and beauty goods, said the purchase of ChemAid is in line with its goal to double production by 2018 and become the leader in its industry. The company has been owned by Novacap since 2003.
7 January 2015•5 mins read
