The takeover comes four months after the Canadian company acquired French beauty group Alkos
Canadian personal care manufacturer Knowlton Development Corporation (KDC/One) is strengthening its global presence by acquiring beauty formulator Benchmark Cosmetic Labs.
The announcement comes four months after the firm bought out French cosmetics manufacturer Alkos Group, which includes Inter Cosmétiques, SAGAL Cosmétiques and ALKOS Cosmétiques.
As part of the latest deal, KDC/One and Benchmark hope to offer personal care, beauty and health care brands an all-encompassing formulation and production process.
Currently, KDC/One has 16 facilities across North America, France, the UK and the Czech Republic, and runs an Innovation Lab in New Jersey, US.
Meanwhile, Benchmark runs its operations from Irvine, California.
KDC/One’s President and CEO Nicholas Whitley said Benchmark will become its “west coast innovation hub” to serve all its clients' needs.
“We share with Benchmark a strong commitment to bring leading edge innovation to our brand partners and this combination will further increase our creative potential,” Whitely continued.
“Benchmark’s capabilities naturally complement KDC/One’s Innovation Lab and its strong reputation for service and invention matches our own dedication to high-touch development and speed-to-market efficiency.”
Benchmark’s President Susan Goldsberry said she was thrilled to be joining the company.
“We are excited that the Benchmark team will now have access to world-class resources and a border, beauty, health and personal platform to leverage our innovation capabilities.”