PE-backed KDC/ONE acquires Benchmark Cosmetic Laboratories

Knowlton Development Corp (KDC/ONE) has acquired Benchmark Cosmetic Laboratories Inc, an Irvine, California-based custom formulator for established and emerging beauty brands. No financial terms were disclosed. Based in Longueuil, Québec, KDC/ONE is a custom maker of beauty, health and personal care brands. Last year, the company was acquired by a consortium led by U.S. private equity firm Cornell Capital for more than $1 billion. The seller was Novacap.

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