Novacap-owned KDC acquires SVPGlobal's Aromair unit
Knowlton Development Corp (KDC) has acquired Aromair Fine Fragrance Company Inc, a New Albany, Ohio-based manufacturer and supplier specializing in the fine fragrance and home and air care categories. No financial terms were disclosed. KDC acquired the business from Aromair Group, a portfolio company of U.S. private equity firm Strategic Value Partners (SVPGlobal). SVPGlobal invested in 2011. Based in Longueuil, Québec, KDC is a contract manufacturer for the personal care products industry. The Aromair acquisition is one of several completed by the company since 2014 with the support of its owner, Canadian private equity firm Novacap.
10 November 2017•3 mins read
