Knowlton Advancement Corporation (KDC/ONE), a portfolio company of Cornell Capital LLC, has actually obtained Standard Cosmetic Laboratories, Inc. Financial terms were not divulged.
Based in Irvine, California, Standard is a widely acknowledged specialist in skin, hair and sun care. Criteria partners with leading component suppliers to recognize and evaluate new products ahead of the marketplace.
Susan Goldsberry, President and creator of Criteria, will continue as President of Benchmark under the KDC/ONE management.
Developed in 2002, KDC/ONE is a leading incorporated service supplier for its clients, providing item development, research study assistance, custom formulation, batch processing, assembly, packaging and quality guarantee services. KDC/ONE has nearly 5,200 employees throughout 16 state-of-the-art centers throughout North America, France, the UK and the Czech Republic.
Cornell Capital, along with HarbourVest Partners, obtained KDC/ONE from Novacap, Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec (IQ) in NOvember 2018. CDPQ and IQ rolled over their stakes as part of the deal.
picture credit: Standard Cosmetic Laboratories
KDC/ONE Gets Benchmark Cosmetic Laboratories, Inc.
. LONGUEUIL, QC– November 5, 2019– Knowlton Advancement Corporation (“KDC/ONE”), a leading formulator, designer and manufacturer for the prestige charm, health, personal care and household sectors, today revealed its acquisition of Standard Cosmetic Laboratories, Inc. (“Standard”), a leading customized formulator for recognized and emerging prestige appeal brand names.
KDC/ONE is committed to elevating and broadening innovation capabilities to provide ground-breaking research study and advancement services to its customers and brand name partners. Together, KDC/ONE and Benchmark will offer an all-inclusive, multi-faceted method that serves clients’ creating and production needs, delivered with acknowledged speed-to-market performance. The acquisition of Standard underscores KDC/ONE’s devotion to origination and creativity across its network of 16 production websites for its brand partners, and will even more strengthen its position as an international leader in the beauty, personal care, and specialized areas.
Based in Irvine, California, Criteria is a widely acknowledged expert in skin, hair and sun care. Criteria partners with leading active ingredient suppliers to recognize and test brand-new materials ahead of the market. The company is led by a dynamic and visionary business owner, Susan Goldsberry, President of Benchmark, who founded the business in 2007 and works with a team of prolific chemists. Ms. Goldsberry will continue as President of Standard under the KDC/ONE leadership.
Established in 2002, KDC/ONE is a leading incorporated option provider for its customers, providing product innovation, research support, customized formula, batch processing, assembly, product packaging and quality control services. KDC/ONE has almost 5,200 workers throughout 16 modern facilities throughout North America, France, the UK and the Czech Republic. KDC/ONE also operates its Innovation Laboratory in Saddle Brook, New Jersey, which serves as a state-of-the-art research and development facility and product development center for its broad base of consumers. In November 2018, KDC/ONE partnered with Cornell Capital, a private financial investment firm based in New York and Hong Kong, to drive global growth and improve KDC/ONE’s ability to continue to buy top-tier product development and best-in-class production capabilities.
“We welcome Benchmark into the KDC/ONE network as our brand-new West Coast innovation center, boosting our capability to serve the development, research, development and screening needs of our clients. We share with Criteria a strong dedication to bringing leading edge development to our brand partners and this mix will further increase our innovative capacity,” said Nicholas Whitley, President and CEO of KDC/ONE. “Standard’s capabilities naturally complement KDC/ONE’s Development Lab, and its strong track record for service and innovation matches our own dedication to high-touch development and speed-to-market performance.”
“I am enjoyed be joining KDC/ONE, which has a proven track record of innovation and delivering worth included services to brand names across the world,” stated Ms. Goldsberry. “We are thrilled that the Criteria group will now have access to first-rate resources and a more comprehensive beauty, health and individual care platform to utilize our innovation abilities.”
KDC/ONE is the largest North American custom-made formulator and maker serving the eminence beauty, individual care and home sectors. Established in 2002, KDC/ONE is headquartered in Longueuil, Québec and utilizes over 5,000 staff members across 16 modern centers throughout North America, the UK, France and the Czech Republic. KDC likewise runs a state-of-the-art Development Laboratory in Saddle Brook, New Jersey. Business delivers high-touch development, operational quality and speed to market to widely known and emerging brand names. Over the previous four years, KDC/ONE has experienced fast development through the effective completion of eight notable acquisitions, most recently in Europe with the acquisitions of the ALKOS Group and of the production operations of Swallowfield Plc.
. About Criteria
Based in Irvine, California, Criteria is a leading custom-made formulator for recognized and emerging status appeal brands. Benchmark was established by entrepreneur Susan Goldsberry. Benchmark has been behind lots of status brand names’ success stories because its establishment in 2007.
About Cornell Capital
Cornell Capital LLC is a private investment company that takes a value-driven method to investing. Partnering with strong and entrepreneurial management teams, the firm looks for opportunities in market- leading services across the consumer, monetary and industrial/business services sectors. Founder and Senior Partner Henry Cornell, who worked as the Vice Chairman of Goldman Sachs’ Merchant Banking Division prior to founding Cornell Capital in 2013, leads a highly experienced senior management team with years of shared investing experience. The company presently handles over $3.1 billion of properties and has workplaces in New york city and Hong Kong. For more details, see www.cornellcapllc.com.
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[email protected]!.?.! Ted Liu, M.Sc.(Mining
Ted is the architect of CVCA infobase, and is the architect of CPE Media’s, Canada’s most sophisticated and advanced all private capital and public market financing database.Latest posts by Ted Liu(see all)Cornell Capital and HarbourVest Partners obtained Knowlton Advancement
Corporation from Caisse de dépôt et placement du Québec(CDPQ), Fonds de solidarité, Investissement Québec(IQ), Novacap IV.Campfire Capital LP protected additional dedication. Fund GPs are Brooke Harley, John Currie,
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