PE-backed KDC acquires cosmetics manufacturer Kolmar
Knowlton Development Corp (KDC) has bought two Kolmar Labs Group companies: Kolmar Laboratories Inc and Acupac Packaging Inc. No financial terms were released. Based in Port Jervis, New York, Kolmar is a custom formulator and manufacturer of colour cosmetics, personal care and skincare products. Longueuil, Québec-based KDC, a contract maker of health and beauty products, said the acquisition is its first foray into the colour cosmetics segment. Last year, KDC was recapitalized in a $165 million deal led by Novacap and joined by the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec, Export Development Canada and Fondaction CSN.
14 October 2015•6 mins read
