Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

KDC/ONE settles in China with the acquisition of Paristy

After Europe, with two recent acquisitions (Alkos Group in France and Swallowfield in the UK), Canada-headquartered Knowlton Development Corporation (KDC/ONE) is settling down in China . The company has entered into a binding agreement to acquire Shanghai Paristy Daily Chemical Co., Ltd., a leading custom formulator and manufacturer of color cosmetic products, based in Shanghai. Financial terms of the transaction were not disclosed.

Funded in the 1960s, Paristy supplies leading make-up brands in North America and Europe, in addition to the local Chinese market, in particular in categories such as powders and product for the lips. Led by Jerome Shen, Angel Luo and a team of product development and manufacturing professionals, the Paristy company operates two facilities, including an R&D and innovation center in Taiwan, and a manufacturing base in mainland China.

This acquisition, which is expected to close in the first quarter of 2020, is the company’s first in Asia, significantly expands KDC/ONE’s capabilities to serve cosmetic brands globally.

Established in 2002, KDC/ONE has grown strongly, in particular through acquisitions, to become a leading custom formulator and manufacturer of cosmetic and hygiene products. Backed by Cornell Capital, which acquired KDC/ONE in December 2018 together with Caisse de dépôt et placement du Québec, Investissement Québec and HarbourVest Partners, the Canadian company has nearly doubled the size over the past year. The company now has facilities in North America, Europe and Asia.

Most recently, KDC/ONE announced its agreement to merge with HCT Group.

info portfolio

© 2020 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus

MakeUp in Paris: The countdown has started before the 2020 edition

The next edition of the BtoB trade show dedicated to the make-up and skincare value chain will be held on June 18th and 19th at the Carrousel du Louvre. Once again, MakeUp in Paris will gather key suppliers of packaging, formulation and full-service solutions for the make-up and skincare markets. The event will feature: latest (...)

read more
job opportunities
Experts’ views
On center stage, the floral bouquet is making its come back

Émilie Coppermann
On center stage, the floral bouquet is making its come back

Just like fashion that is eternally being reinvented, perfumery also works in cycles. And the floral accord is no exception. The very essence of femininity, today floral fragrances are less invasive than in the 1980s, as was the case with Poison by Christian Dior. At the end of the 1990s, floral accords were replaced by clean musky (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close