Knowlton Development Corporation announced that KKR, a leading global investment firm, has made a significant investment to support its continued strategic growth.
WHO: Headquartered in Longueuil, Québec, Knowlton Development Corporation is a trusted global provider of value-added solutions to many of the world's leading brands in the beauty, personal care, and home care categories. With more than 30 manufacturing and R&D facilities across the globe, kdc/one offers a seamlessly networked value chain in the ideation, formulation, design, packaging, and manufacturing of products for over 1,000 brands across an expansive array of categories. The global kdc/one network has been thoughtfully assembled to deliver an unrivaled range of solutions to meet the exacting requirements of a diverse spectrum of customers. The organization's commitment to innovation anticipates market trends and provides solutions to its customers with unmatched speed to market.
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach. KKR sponsors investment funds that invest in private equity, credit, and real assets, and has strategic partners that manage hedge funds.
WHY: The strategic investment by KKR provides support for kdc/one's continued growth and global expansion. KKR has deep expertise across consumer products, beauty, and manufacturing—recent investments include Wella Company, Coty, The Bountiful Company, Charter Next Generation, and Ingersoll Rand.
IN THEIR OWN WORDS: "Welcoming KKR as a strategic investor further validates the kdc/one story and the exciting growth opportunities we see in front of us," said Nick Whitley, CEO of kdc/one. "This significant investment, along with KKR's experience and expert insights across the consumer products sector, further enables us to continue executing on our strategic plan, including both organic as well as inorganic growth."
"We are thrilled to invest alongside the existing ownership group and to support Nick Whitley and the kdc/one management team. Many of the world's leading beauty, personal care, and home care brands rely on kdc/one's differentiated network and innovation capabilities to stay ahead of rapidly evolving trends, and we believe the company is poised for significant growth in the coming years," said Felix Gernburd, Partner at KKR who will join the kdc/one Board of Directors.
"kdc/one is one of the most unique investment opportunities in consumer products and is a truly exceptional business that seeks to disrupt in the beauty and personal care space. We are excited to welcome KKR to our existing investment group supporting kdc/one's continued growth and industry-leading position," said Justine Cheng, Chair of the Board of Directors for kdc/one and Partner at Cornell Capital. "KKR's investment allows the business to enjoy enhanced flexibility and agility as it continues to deliver unsurpassed innovation for its partners and customers around the world."
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