11.02.15
The Knowlton Development Corporation (KDC), Longueuil, Québec, has acquired Kolmar Labs Group companies, including Kolmar Laboratories Inc. and Acupac Packaging Inc. Kolmar is a New-York-based custom formulator and manufacturer of color cosmetics, personal care and skincare products, offering product development, R&D innovation, QA/QC services, regulatory services and manufacturing solutions for beauty and skin care brands.
Kolmar Laboratories and Acupac Packaging together employ 500 full-time employees in state-of-the-art facilities totaling more than 340,000 feet.
This acquisition follows the 2014 recapitalization of KDC by parent company Novacap, through its Novacap Industries IV, in partnership with la Caisse de dépôt et placement du Québec (CDPQ), the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada (EDC), Fondaction CSN and other institutional partners.
While KDC is active in many personal care categories, such as deodorants, hair care, bath and body, and skin care, Kolmar represents its foray into the color cosmetics category.
KDC says it plans to double its production by 2018 and become the leader in its industry, while remaining the only North American player with the critical mass needed to play a major role internationally.
Kolmar Laboratories and Acupac Packaging together employ 500 full-time employees in state-of-the-art facilities totaling more than 340,000 feet.
This acquisition follows the 2014 recapitalization of KDC by parent company Novacap, through its Novacap Industries IV, in partnership with la Caisse de dépôt et placement du Québec (CDPQ), the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada (EDC), Fondaction CSN and other institutional partners.
While KDC is active in many personal care categories, such as deodorants, hair care, bath and body, and skin care, Kolmar represents its foray into the color cosmetics category.
KDC says it plans to double its production by 2018 and become the leader in its industry, while remaining the only North American player with the critical mass needed to play a major role internationally.