Beauty Packaging Staff02.19.20
In its latest string of acquisitions in the beauty space, Knowlton Development Corporation (KDC/ONE), a global player in custom formulation and manufacturing solutions for beauty, personal care and household brands, has announced an agreement to acquire Zobele Group, a leader in home and air care products.
Founded in Italy in 1919, Zobele is a global manufacturer with more than 5,000 employees, two innovation hubs, five design & development centers and seven state-of-the-art facilities across the U.S., Europe, Asia and Latin America. Zobele serves 130 customers, providing an international offering and service to more than 150 leading brands in the fastest-growing household categories.
Established in 2002, KDC/ONE is a leading custom formulator and manufacturer, offering innovation, operational excellence and speed to market for well-known and emerging brands. Backed by Cornell Capital, which acquired KDC/ONE in December 2018 with Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec and HarbourVest Partners, KDC/ONE has expanded its technology base and expertise.
Following the close of the transaction, Zobele CEO Roberto Schianchi and the current management team will continue to run the Zobele business under the KDC/ONE umbrella, and Zobele’s headquarters will remain in Italy.
“As a market leader in its categories, Zobele is the right partner for us as we look to embark on our next chapter of strategic growth,” said Nicholas Whitley, president and CEO of KDC/ONE.
READ MORE ABOUT KDC/ONE's recent acquisitions
In the past two months, KDC/One has also acquired Shanghai Paristy Daily Chemical Co., and HCT Group. In 2019, they acquired Benchmark and Alkos Group.
Founded in Italy in 1919, Zobele is a global manufacturer with more than 5,000 employees, two innovation hubs, five design & development centers and seven state-of-the-art facilities across the U.S., Europe, Asia and Latin America. Zobele serves 130 customers, providing an international offering and service to more than 150 leading brands in the fastest-growing household categories.
Established in 2002, KDC/ONE is a leading custom formulator and manufacturer, offering innovation, operational excellence and speed to market for well-known and emerging brands. Backed by Cornell Capital, which acquired KDC/ONE in December 2018 with Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec and HarbourVest Partners, KDC/ONE has expanded its technology base and expertise.
Following the close of the transaction, Zobele CEO Roberto Schianchi and the current management team will continue to run the Zobele business under the KDC/ONE umbrella, and Zobele’s headquarters will remain in Italy.
“As a market leader in its categories, Zobele is the right partner for us as we look to embark on our next chapter of strategic growth,” said Nicholas Whitley, president and CEO of KDC/ONE.
READ MORE ABOUT KDC/ONE's recent acquisitions
In the past two months, KDC/One has also acquired Shanghai Paristy Daily Chemical Co., and HCT Group. In 2019, they acquired Benchmark and Alkos Group.
