Global investment firm KKR has made a significant investment in Canada’s manufacturer of beauty, personal care, and home care products Knowlton Development Corporation (KDC/One).
However, Cornell Capital remains KDC/One’s largest shareholder and the existing investor group, including CDPQ, remains in place as owners of the company.
This transaction will enable KDC/One to continue financing its growth.
KDC/One to tap into the aerosols market in North America
In parallel, KDC/One also announced the acquisition of Missouri-headquartered Aerofil Technology, a provider of aerosol and liquid filling solutions across the household, personal care, and automotive segments.
Aerofil acquisition introduces aerosol to KDC/One’s North American network, complementing existing European aerosol capabilities. It also allows KDC/One to offer customers a trans-Atlantic solution, while leveraging its aerosol R&D and innovation expertise.