KDC (The Knowlton Development Corporation), a Canadian contract manufacturer of health and beauty-care products headquartered in Knowlton, Québec, has acquired ChemAid Laboratories, a US formulator and manufacturer of skincare, hair care and bath and body products with headquarters and manufacturing facility located in Saddle Brook, New Jersey.
“This is a key strategic addition to the KDC family, as we look to further strengthen our innovation capabilities, add new customers and channels and leverage the scale and core competencies of our combined network of companies. More importantly, we will also be adding new manufacturing capabilities and a very capable and talented team of professionals", said Nicholas Whitley, President and CEO of KDC.
This the first important acquisition for KDC, after its recent recapitalization by Novacap Industries IV investment fund. Novacap has owned KDC since 2003 and aims to double the business in the next 3 to 5 years.
KDC operates five manufacturing facilities. Its main plant is located in Knowlton, Québec. In addition, KDC has plants in Mississauga, Ontario, as well as in Lynchburg, Virginia, and Columbus, Ohio. Altogether and before the addition of ChemAid Laboratories, the company employed 2,200 people, including nearly 900 in Knowlton.