03.31.22
Knowlton Development Corporation (kdc/one), headquartered in Longueuil, Québec, has announced that KKR, a leading global investment firm, has made “a significant investment” to support its continued strategic growth. Cornell Capital will remain the Company’s largest shareholder and the existing investor group, including CDPQ, will remain in place as owners of kdc/one. The Company also announced the acquisition of Aerofil Technology, a leader in value-added services for aerosol and liquid manufacturing. Financial terms of the transactions were not disclosed.
According to kdc/one, “This significant investment, along with KKR’s experience and expert insights across the consumer products sector, further enables us to continue executing on our strategic plan, including both organic as well as inorganic growth.”
Headquartered in Longueuil, Québec, kdc/one—with more than 30 manufacturing and R&D facilities worldwide—provides solutions in the beauty, personal care, and home care categories. The company has created a networked value-chain in the ideation, formulation, design, packaging, and manufacturing of products for over 1,000 brands across an expansive array of categories.
“Welcoming KKR as a strategic investor further validates the kdc/one story and the exciting growth opportunities we see in front of us,” said Nick Whitley, CEO of kdc/one. “This significant investment, along with KKR’s experience and expert insights across the consumer products sector, further enables us to continue executing on our strategic plan, including both organic as well as inorganic growth.”
Headquartered in Sullivan, Missouri, Aerofil operates a modern, high-speed 400,000 square-foot facility from which the company provides both aerosol and liquid filling solutions across the household, personal care, and automotive segments to a broad range of customers.
kdc/one has acquired a number of companies over the last few years, including HCT Group, Alkos Group, Benchmark and Kolmar Labs.
According to kdc/one, “This significant investment, along with KKR’s experience and expert insights across the consumer products sector, further enables us to continue executing on our strategic plan, including both organic as well as inorganic growth.”
Headquartered in Longueuil, Québec, kdc/one—with more than 30 manufacturing and R&D facilities worldwide—provides solutions in the beauty, personal care, and home care categories. The company has created a networked value-chain in the ideation, formulation, design, packaging, and manufacturing of products for over 1,000 brands across an expansive array of categories.
Strategic Investment by KKR
The strategic investment by KKR provides support for kdc/one’s continued growth and global expansion. KKR has deep expertise across consumer products, beauty, and manufacturing, with recent investments including Wella Company, Coty, The Bountiful Company, Charter Next Generation and Ingersoll Rand.“Welcoming KKR as a strategic investor further validates the kdc/one story and the exciting growth opportunities we see in front of us,” said Nick Whitley, CEO of kdc/one. “This significant investment, along with KKR’s experience and expert insights across the consumer products sector, further enables us to continue executing on our strategic plan, including both organic as well as inorganic growth.”
Acquisition of Aerofil
The acquisition of Aerofil introduces aerosol to kdc/one’s North American network, complementing its existing European aerosol capabilities. The transaction allows kdc/one to offer customers a trans-Atlantic solution, while leveraging kdc/one’s industry-leading aerosol R&D and innovation expertise.Headquartered in Sullivan, Missouri, Aerofil operates a modern, high-speed 400,000 square-foot facility from which the company provides both aerosol and liquid filling solutions across the household, personal care, and automotive segments to a broad range of customers.
kdc/one has acquired a number of companies over the last few years, including HCT Group, Alkos Group, Benchmark and Kolmar Labs.
