Novacap-led investors fund KDC's purchase of Cosmetic Technologies
Knowlton Development Corp (KDC), which earlier this year bought ChemAid and Kolmar, has acquired Cosmetic Technologies Inc, a U.S.-based maker of cosmetics and personal care products. The deal, the value of which was not disclosed, is being funded by Canadian private equity firm Novacap in partnership with the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec, Export Development Canada, Fondaction CSN and other investors. Longueuil, Québec-based KDC said its latest buy will increase capacity for personal care products manufacturing on the West Coast and allow it to serve local clients. Recapitalized last year, the company plans to double production by 2018.
21 October 2015•6 mins read
