The Canada-based cosmetics manufacturer is taking steps into the home and air care products market
Knowlton Development Corporation (KDC), a contract manufacturer of health and beauty products, has acquired Aromair Fine Fragrance Company.
KDC specialises in creating products such as deodorants, hair care, bath and body, and skin care products, however, with the latest takeover it plans to expand into the home and air care market.
Nicholas Whitley, President and CEO of KDC, said: “We believe that the home care category offers a series of growth opportunities.
“We were particularly attracted to Aromair’s product quality and innovation and, most of all, its team of talented, highly skilled professionals.
“KDC and Aromair have very similar operating principles and business cultures, representing a strong alignment from the outset.
“We will welcome some of Aromair’s best practices into our business, while also exporting some of our best practices. The synergies from our alignment will bring tangible benefits to the combined network entity.”
The deals were supported by private equity firm Novacap.