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Inks deal with California-based custom formulator.
November 5, 2019
By: Happi Staff
Knowlton Development Corporation (KDC/One) has acquired Benchmark Cosmetic Laboratories, Inc., a custom formulator for established and emerging prestige beauty brands based in Irvine, CA. Benchmark, known for its work in skin, hair and sun care, is led by Susan Goldsberry, who founded the company in 2007. She will continue as president of Benchmark under the KDC/One leadership, the firms announced today. “We welcome Benchmark into the KDC/One network as our new West Coast innovation hub, enhancing our ability to serve the innovation, research, development and testing needs of our clients. We share with Benchmark a strong commitment to bringing leading edge innovation to our brand partners and this combination will further increase our creative potential,” said Nicholas Whitley, president and CEO of KDC/One. “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.” Together, the companies will provide an all-encompassing, multi-faceted approach that serves customers’ formulating and production needs, delivered with recognized speed-to-market efficiency, said KDC/One. This acquisition, according to KDC/One, underscores the company’s dedication to origination and creativity across its network of 16 manufacturing sites for its brand partners, and will further solidify its position as a global leader in the beauty, personal care, and specialty areas. KDC/One has nearly 5,200 employees across 16 facilities throughout North America, France, the UK and the Czech Republic. KDC/One also operates an innovation lab in Saddle Brook, NJ, which serves as a state-of-the-art research and development facility and product creation center for its broad base of customers. In November 2018, KDC/One partnered with Cornell Capital, a private investment firm based in New York and Hong Kong, to drive international growth and enhance its ability to continue to invest in top-tier product innovation and best-in-class manufacturing capabilities.
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