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Entry into Asia expands KDC/One’s capabilities to serve brands globally.
January 22, 2020
By: Happi Staff
Knowlton Development Corporation (“KDC/One” or the “Company”) will acquire Shanghai Paristy Daily Chemical Co., Ltd. (“Paristy”). A purchase price was not disclosed. The deal is expected to close in the first quarter of 2020, the Company’s first in Asia, and underscores KDC/One’s commitment to providing vertically integrated custom formulation and innovative manufacturing and packaging solutions to its customers in Asia and brand partners around the world. Established in 2002, KDC/One has grown to become a leading custom formulator and manufacturer. With 16 facilities in North America, Europe and Asia, KDC/One offers high-touch innovation, operational excellence and speed to market to well-known and emerging brands. 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, KDC/One has doubled the size of the Company over the past year, adding new technologies and expanding globally across North America, Asia and Europe, and integrating three acquisitions. KDC/One announced its agreement to merge with HCT Group, creating an end-to-end solutions provider for customers ranging from Fortune 500 companies to indie, emerging and prestige brands. Paristy has become a trusted partner to leading brands in North America and Europe, in addition to the local Chinese market. Paristy is led by Jerome Shen, Angel Luo and a team of product development and manufacturing professionals. Paristy will operate two facilities, R&D and innovation center in Taiwan, and a manufacturing base in mainland China. “We are pleased to welcome Paristy into the KDC/One family as our first wholly-owned Asia-Pacific manufacturing hub, enhancing our ability to serve the needs of our global Prestige Beauty clients and an increasingly diverse and global customer base,” said Henry Cornell, Founder and Senior Partner of Cornell Capital. “The addition of Paristy to KDC/One reaffirms our commitment to providing our solutions to our loyal customers in Asia and brand partners worldwide and we look forward to working closely with Jerome and his impressive team,” said Nicholas Whitley, President and CEO of KDC/One.
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