KDC/ONE is tightening its grip on the beauty sector with its second takeover this year.
Set to join the Canadian cosmetic manufacturer’s portfolio is US-based beauty formulator Cosmetic Laboratories of America (CLA), bringing the company’s total to three acquisitions in the last four months.
The latest deal follows KDC/ONE’s merger with Benchmark Cosmetics in November last year and its takeover of Shanghai Paristy Daily Chemical Co in January.
According to the firm, the Cosmetic Laboratories acquisition will create the ‘largest regional innovation hub’ for west coast customers.
“CLA has been a premier early formulation developer for decades, as evidenced by the number of large, flagship beauty products the company has developed and launched over the years,” said KDC/ONE’s CEO Nicholas Whitley.
“With an exceptional leadership team, a reputation for speed-to-market and best-in-class assets producing prestige skin and hair care products, CLA is the ideal partner for KDC/ONE as we look to invest in and solidify our west coast footprint, further enhance our creative, cutting-edge offerings and scale our end-to-end capabilities in the region.”
Oscar Saldarriaga CLA’s General Manager added: “We are excited to join the KDC/ONE family and work alongside its world class team to provide our valued customers with an expanded suite of offerings as part of a growing global platform.
“With KDC/ONE’s unmatched track record of innovation and local and global scale, I am confident that together we will achieve our goal of cementing our position as the custom developer and manufacturer of choice on the west coast.”