This transaction follows the acquisition last week of Kolmar, a New-York-based custom formulator and manufacturer of colour cosmetics, personal care and skincare products and, ten months ago, of ChemAid, a formulator and manufacturer of skincare, hair care and bath and body products based in New-Jersey.
The acquisition marks yet another step forward in KDC’s evolution as a leading supplier of cosmetic and personal care products in North America, as it extends its manufacturing capabilities into the West Coast.
“California is well known for its innovative products and its upscale, independent brands,” said Nicholas Whitley, President and CEO of KDC. “With the acquisition of Cosmetic Technologies, we are able to expand our manufacturing capabilities to the West Coast and serve our clients there on a local basis, which is what they want. Furthermore, it allows us to manufacture smaller orders, starting at 5,000 units, for high-end products, while using our network of facilities to help these niche and independent West Coast brands grow into larger markets. We were particularly impressed with Cosmetic Technologies’s highly-skilled management team and their deep industry experience and relationships, including an R&D staff with top chemical engineering talent.”