In the News

KDC announces the acquisition of Thibiant International, Inc., a major addition to its research and development portfolio and to its manufacturing base on the West Coast of the U.S.

MONTREAL, Nov. 16, 2016 /CNW Telbec/ – Knowlton Development Corporation (“KDC”), a leading contract manufacturer of health and beauty-care products with its head office in Longueuil, Quebec, announces the acquisition of Thibiant International, Inc. (“Thibiant”). Thibiant, located in California, formulates and manufactures personal and skin care products, and offers product development services, innovation R&D, quality and compliance assurance services, and manufacturing solutions for the production of beauty and skin care product brands. Thibiant has 285 full-time employees in modern facilities extending over 330,000 square feet.

This transaction comes in the wake of a series of acquisitions carried out in 2014 and 2015, and which were made possible by its parent company, NOVACAP, through its Novacap Industries IV Fund, with the support of the Caisse de dépôt et placement du Québec (CDPQ), the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada (EDC), Fondaction CSN and other institutional partners. This transaction is one step forward in KDC’s evolution as world-class leader in the supply of high quality, innovative products and delivery solutions to prominent brands. While KDC is active in many personal care categories such as deodorants, hair care, bath and body, and skin care products, Thibiant represents a major acquisition in terms of crystallizing its presence on the West Coast of the U.S., enabling KDC to offer a wider range of services to clients, most of which conduct major business transactions in that area.

“We are very confident that this acquisition will add considerable growth potential and enable us to establish a strong presence on the West Coast of the U.S.,” states KDC President and CEO Nicholas Whitley. “We found particularly attractive Thibiant’s innovation-driven business model, its high-tech facilities and equipment, its exceptional client base and, most of all, its team of talented and highly qualified professionals. KDC and Thibiant also share very similar corporate cultures and operating principles, which establishes a solid base for cooperation. We are going to phase some of Thibiant’s best practices into our operation and export some of ours, which will make for excellent synergies benefiting everyone.”

“With this acquisition, NOVACAP and its institutional partners are living up to their promise of doubling the size of the company and hitting the billion-dollar mark in annual sales over the next three to five years,” adds KDC Chairman and NOVACAP Senior Partner Michel Côté. “In less than 25 months since KDC’s capital was restructured, we have already invested over $200 million in growing the business and making acquisitions like ChemAid, Kolmar, Acupac, Cosmetic Technologies and now Thibiant, each of which brings no small measure of added value to KDC’s positioning as an industry leader.”

“KDC is a long time, recognized leader in subcontracting, and we think that our two companies will form an extraordinary combination that will continue to build added value for clients, employees and all of our stakeholders,” states Thibiant International Inc. President and CEO Patrick Thibiant. “We are looking at a brilliant future for both companies. KDC has a long history of constant investment in its businesses, plants and employees, and we can count on that pattern continuing. KDC also boasts a great record for sales growth, operational excellence and high-quality customer service. It shares our vision of being the best custom manufacturer of health, personal care, beauty and medical products in North America.”

ABOUT KDC

KDC is a leader and total solution provider in the contract manufacturing fields of regulated and non-regulated personal care products with sales now in excess of US$700 million, eight operating facilities run by a most talented and experienced team of professionals. KDC has its head office in Longueuil, Québec. In addition to the Thibiant facilities, KDC has plants in Knowlton (Quebec), Lynchburg (Virginia), Columbus (Ohio), Kolmar Port Jervis (New York), Acupac Mahwah (New Jersey), as well as the KDC ChemAid facilities, located in Saddle Brook, New Jersey. Altogether, the company employs 2,800 people, including more than 750 in Knowlton. For more information, please visit: www.kdc-companies.com.

ABOUT THIBIANT

Thibiant International, Inc., located in Chatsworth, California, is a based custom formulator and manufacturer of personal care and skin care products, offering Product Development, R&D Innovation, Quality services, Regulatory services and Manufacturing solutions for skin care brands. Thibiant international has 285 full-time employees in state-of-the-art facilities totalling over 330,000 square feet.

ABOUT NOVACAP

Founded in 1981, Novacap is a leading private equity firm in Canada with over $1.6 billion of assets under management. The Firm’s unique partnership approach with entrepreneurs, based on deep operational expertise and active management of its investments, has helped accelerate growth and maximize value of companies across North America. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. For more information, visit www.novacap.ca.

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2016, it held $254.9 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

ABOUT INVESTISSEMENT QUÉBEC

Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to the economic development and creation of jobs in all regions of the province. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, in order to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment.

ABOUT THE FONDS DE SOLIDARITÉ FTQ

The Fonds de solidarité FTQ is a development capital fund that channels the savings of Quebecers into investments. At May 31, 2016, the organization had $11.7 billion in net assets, and through its current portfolio of investments has helped create and protect 187,414 jobs. The Fonds is a partner in more than 2,600 companies and has 618,551 shareholder-savers. For more information, visit www.fondsftq.com.

Line leader

 

We are presently seeking candidates interested in the position(s) of Line leader on Night team(s).

 

RESPONSIBILITIES:

  • Compliance with the established rules concerning the H&S, GMP and quality;
  • Lead, coach, motivate a team of employees;
  • Involvement in employee training;
  • Prepare start-up and products change (changeovers);
  • Perform weight adjustments according to specifications and do basic mechanical adjustments;
  • Perform line purging verification of components used in production to ensure they conform to the shop floor;
  • Inspect and enter samples into the system for quality control.

*The task list above is not exhaustive and represents an overview of the tasks that the incumbent will assume.

 

QUALIFICATIONS :

  • Secondary 5 or the equivalent
  • Good abilities with the information systems and the Office suite
  • Flexibility, maturity, initiative and strong communicator;
  • Pass the qualifying test;
  • Bilingual (French, English), an asset.

 

**It is not a requirement to be an assistant line leader to show an interest for the position. Durant the training the person will be considerate as an assistant line leader until the qualification test is passed with success.

 

Interested individuals are asked to submit their CV to Human Resources:

RH@kdc-knowlton.com

Commercial Analyst

SUMMARY:

With authority of the Controller, Commercial Financial Analyst acts as a member of the finance team and supports the sales team at the financial level with our customers.

 
KEY RESPONSIBILITIES:

• Analyze the Income Statement Sales and gross profit margins.
• Participate in the budgeting process and forecasting results;
• Participate in the process of closing the monthly use in accounting, prepare and record the journal entries.
• Create and update the sheet sales and pricing;
• Renew prices with customers;
• Prepare data for the margin report
• Improve the various processes affecting the prices;
• Monitor the retro billing to different customers;
• Prepare monthly end reports, purchasing price discrepancies and sales and margin reports;
• Improving processes and streamline procedures;
• Get involved in the management reports;
• Comply with company policies (Health and Safety, dress code, GMP, work instructions, etc.);
• Perform other related duties or projects assigned by the immediate supervisor.
 

QUALIFICATIONS:

• Bachelor of Business Administration and a member of the order of CPA;
• Minimum 3 years’ experience in manufacturing of preference;
• Good management of priorities and can multitask;
• Demonstrate good judgment in decision making;
• Strong computer skills (Excel Advanced) and analytical skills;
• Initiative to investigate the problems, develop and obtain solutions;
• Able to work under pressure;
• Excellent oral and written communication in French and English.

 

 

if you are interested, send your resume to:

RH@kdc-knowlton.com

 

Use of the masculine is generic and applies to both men and women / Please note that only the selected candidates will be contacted

 

 

R&D Formulator

POSITION SUMMARY:

Under the guidance of the R&D Director, the R&D formulator is primarily responsible for personal care formulation, project management, and test batching of products. It includes proper documentation of activities (per associated SOP’s and work instructions) and related interactions with respect to project progress, stability and scale-up of products.  Also responsible for helping to maintain good working relationships between Research & Development and other departments, customers, vendors and for general laboratory upkeep.

 

This position would be located at the KDC| Knowlton facility.

 

SPECIFIC DUTIES:

  1. Plans own daily activities with prioritization of work on the basis of department priority schedule.
  2. Manages specific projects, providing timelines, planning time and ordering materials accordingly and addressing technological issues and changes in project objectives as they arise. It could also include dealing directly with Account Managers, customers and internal Management as appropriate.
  3. Elaborates product formulas and modifies existing formulas based on own experience, co-workers experience and various information sources (raw material vendor literature, monthly publications for the industry, etc…) with a view toward delivery of quality, cost-effective formulations per customer expectations and timelines, or per internal project objectives. This involves both theoretical design of formulations and experimental test batch work on the laboratory bench.
  4. Execute lab test batches or assign them to R&D chemists/technicians.
  5. Follow-up with R&D Director and/or customers to communicate progress on assigned projects.
  6. Maintains R&D files for each project as an assemblage of relevant documentation for the project.
  7. Develops or verifies draft specifications for compositions created, prepares or verifies INCI ingredient listings.
  8. Proposes compounding procedures based on Laboratory experiments, and works with the process engineer to assist preparation of Batch Control Records (BCR’s) for full-scale batches.
  9. Documents all testing activities and associated observations in department records
  10. Attends technical meetings and conference calls with customers, suppliers or within KDC as needed.
  11. Initiates stability testing for new and modified formulations according to the stability SOP’s (including preparation of stability protocols)
  12. Audits production batches for new formulations, new process or troubleshooting as appropriate, and provides full technical reports outlining any technical concerns and/or recommendations for manufacturing scale-up or process revisions.
  13. Orders laboratory materials and raw materials needed for test batching.
  14. Provides internal reference standards to the QC Laboratory for new products.
  15. Participates in the general upkeep of the Research and Development laboratory, including maintaining adequate supplies, solution preparation, equipment maintenance and calibration, routine disposal of samples and general cleaning.
  16. Adheres to Standard operating procedures, and otherwise applies GMP principals as appropriate to work activities.
  17. Complies with laboratory safety practices, policies and procedures in all activities.  This includes handling of chemicals and equipment, use of protective attire and safety equipment per MSDS directives, disposal of waste materials, and maintenance of clean and orderly work area.
  18. Complies with environmental protection policies and practices in the handling and disposal of hazardous materials.
  19. Handles other responsibilities or special projects as requested by the R&D Director.

 

QUALIFICATIONS:

  • BSc degree and 3-5 years’ experience in Personal Care Products Formulation/R&D
  • College degree in science with a minimum of 10 years of experience in Personal Care Products Formulation/R&D
  • Experience in GMP environment
  • Creativity
  • Organizational abilities
  • Good interpersonal and communication skills
  • Self-motivated, conscientious, self-reliant
  • Computer knowledge
  • Good oral and written communication skills (English and French);

 

 

Interested individuals are asked to submit their CV to Human Resources :

RH@kdc-knowlton.com

 

Use of the masculine is generic and applies to both men and women / Please note that only the selected candidates will be contacted.

 

Electro mechanic

The maintenance department – packaging area is currently seeking candidates for the position of Line Electro mechanic on the night team.

 

MAIN RESPONSIBILITIES:

  • Work in collaboration with the Improvement Technician and the Process Engineer from the sector to improve packaging equipment reliability;
  • Ensure that the equipment is electrically and mechanically safe as per standard;
  • Give a technical support on the production lines when they are running, corrective maintenance, repairs and during the changeover;
  • Identify recurring problems and communicate them to find a way to solve them with your teammates;
  • Participate in the improvement of your sector;
  • Comply with Good Manufacturing Practices (GMP) and Health & Safety rules.

 

PROFILE

  • DEP in electro mechanic or industrial mechanic
  • Ability to solve complex problems
  • Team player and good communicator
  • Sense of urgency and good management of priorities
  • Bilingual (French and English)

 

Interested persons are requested to send their application to human resources:

RH@kdc-knowlton.com

R&D Formulator

POSITION SUMMARY:

Under the guidance of the R&D Director, the R&D formulator is primarily responsible for personal care formulation, project management, and test batching of products. It includes proper documentation of activities (per associated SOP’s and work instructions) and related interactions with respect to project progress, stability and scale-up of products. Also responsible for helping to maintain good working relationships between Research & Development and other departments, customers, vendors and for general laboratory upkeep.

This position would be located at the KDC| Knowlton facility.

SPECIFIC DUTIES:

  • Plans own daily activities with prioritization of work on the basis of department priority schedule.
  • Manages specific projects, providing timelines, planning time and ordering materials accordingly and addressing technological issues and changes in project objectives as they arise. It could also include dealing directly with Account Managers, customers and internal Management as appropriate.
  • Elaborates product formulas and modifies existing formulas based on own experience, co-workers experience and various information sources (raw material vendor literature, monthly publications for the industry, etc…) with a view toward delivery of quality, cost-effective formulations per customer expectations and timelines, or per internal project objectives. This involves both theoretical design of formulations and experimental test batch work on the laboratory bench.
  • Execute lab test batches or assign them to R&D chemists/technicians.
  • Follow-up with R&D Director and/or customers to communicate progress on assigned projects.
  • Maintains R&D files for each project as an assemblage of relevant documentation for the project.
  • Develops or verifies draft specifications for compositions created, prepares or verifies INCI ingredient listings.
  • Proposes compounding procedures based on Laboratory experiments, and works with the process engineer to assist preparation of Batch Control Records (BCR’s) for full-scale batches.
  • Documents all testing activities and associated observations in department records
  • Attends technical meetings and conference calls with customers, suppliers or within KDC as needed.
  • Initiates stability testing for new and modified formulations according to the stability SOP’s (including preparation of stability protocols)
  • Audits production batches for new formulations, new process or troubleshooting as appropriate, and provides full technical reports outlining any technical concerns and/or recommendations for manufacturing scale-up or process revisions.
  • Orders laboratory materials and raw materials needed for test batching.
  • Provides internal reference standards to the QC Laboratory for new products.
  • Participates in the general upkeep of the Research and Development laboratory, including maintaining adequate supplies, solution preparation, equipment maintenance and calibration, routine disposal of samples and general cleaning.
  • Adheres to Standard operating procedures, and otherwise applies GMP principals as appropriate to work activities.
  • Complies with laboratory safety practices, policies and procedures in all activities. This includes handling of chemicals and equipment, use of protective attire and safety equipment per MSDS directives, disposal of waste materials, and maintenance of clean and orderly work area.
  • Complies with environmental protection policies and practices in the handling and disposal of hazardous materials.
  • Handles other responsibilities or special projects as requested by the R&D Director.

 

QUALIFICATIONS:

  • BSc degree and 5 years experience in Personal Care Products Formulation/R&D
  • College degree in science with a minimum of 10 years of experience in Personal Care Products Formulation/R&D
  • Experience in GMP environment
  • Creativity
  • Organizational abilities
  • Good interpersonal and communication skills
  • Self-motivated, conscientious, self-reliant
  • Computer knowledge
  • Good oral and written communication skills (English and French);

 

Use of the masculine is generic and applies to both men and women / Please note that only the selected candidates will be contacted.

Send your resume:

kim.gobeil@kdc-knowlton.com

Payroll clerk

The Finances departement is presently seeking candidates interested in the position of Payroll clerk on day shift.

SUMMARY:

Under the guidance of the Controller, the Payroll Clerk/Maintenance of hours worked verifies on a daily basis the hours worked for all departments. He answers questions from employees regarding their pay, vacation, premiums and overtime, as well as monitoring absences.

MAIN RESPONSIBILITIES:

  • Verifies hours worked for all departments on a daily basis;
  • Manually adjusts premiums for some positions in the system;
  • Maintains premium forms, overtime and attendance record;
  • Records hours worked each day;
  • Enters data for vacation and accumulated time in both Time Keeper and AS400 system;
  • Balances paid vacation hours to adjust the real overtime;
  • Performs reconciliation between the two systems for vacation and accumulated time;
  • Adjusts overtime hours and premiums to ensure payment;
  • Banks overtime hours for employees who request it;
  • Posts a list of banked hours and unused vacation on a weekly basis for employees;
  • Ensures the implementation of corporate policies related to time management;
  • Monitors absences in collaboration with supervisors;
  • Processes and maintains a record of absenteeism for each employee;
  • Answers questions from employees;
  • Participates in payroll systems improvement projects;
  • Assists the payroll coordinator in the processing of payroll and reports;
  • Is the back-up to the payroll coordinator during his absence;
  • Complies with company policies (eg. safety, dress code, GMP, work instructions, etc.);
  • Performs any other related tasks or projects as assigned by the immediate supervisor.

QUALIFICATIONS:

  • DEC in office, administration or in a related discipline;
  • Bilingual – French and English written and spoken
  • 5 years of experience in a similar position;
  • Confidentiality and integrity;
  • Meticulous and rigorous;
  • Strong organizational skills;
  • Good management of priorities;
  • Ability to work under minimal supervision;
  • Good computer skills.

CANDIDATES SELECTION:

  • Aptitude test will be done to evaluate the candidates
  • The candidate selection will be based on the skills, abilities and the attitude

Interested individuals are asked to submit their CV to Human Resources RH@kdc-knowlton.com , before 2016-02-15.

KDC continues its string of acquisitions by purchasing Cosmetic Technologies

Montréal, October 21, 2015KDC (Knowlton Development Corporation), a leading contract manufacturer of health and beauty-care products headquartered in Longueuil, Québec, today announced the acquisition of Cosmetic Technologies, a California-based cosmetics and personal care products contract manufacturer providing turnkey solutions from initial product concept, to formulation, manufacturing, packaging, and warehousing.

This transaction follows the acquisition last week of Kolmar, a New-York-based custom formulator and manufacturer of color cosmetics, personal care and skincare products and, ten months ago, of ChemAid, an innovative formulator and manufacturer of skincare, hair care and bath and body products based in New-Jersey. The transaction is being financed by KDC’s parent company NOVACAP, through its NOVACAP Industries IV fund, in partnership with La Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada (EDC), Fondaction CSN and other institutional partners.

The acquisition marks yet another step forward in KDC’s evolution as world-class leader in the supply of high quality, innovative products and delivery solutions to prominent brands, as it extends its manufacturing capabilities into the West Coast.

“California is well known for its innovative products and its upscale, independent brands,” said Nicholas Whitley, President and CEO of KDC. “With the acquisition of Cosmetic Technologies, we are able to expand our manufacturing capabilities to the West Coast and serve our clients there on a local basis, which is what they want. Furthermore, it allows us to manufacture smaller orders, starting at 5,000 units, for high-end products, while using our network of facilities to help these niche and independent West Coast brands grow into larger markets. We were particularly impressed with Cosmetic Technologies’shighly-skilled management team and their deep industry experience and relationships, including an R&D staff with top chemical engineering talent.”

“Cosmetic Technologies is a relatively smaller acquisition than Kolmar, but it is nonetheless very strategic for KDC,” added Michel Coté, KDC’s Chairman and Senior Partner at NOVACAP. “It has an impressive track record of financial performance in recent years and is well positioned for continued long-term future growth. It also allows us to widen our manufacturing and servicing capabilities, and will contribute in the mid to long term to the success of all our clients, and to our positioning as an industry leader all over North America.”

“The growing demand for our products has the potential to more than double the Company’s size in years to come”, said Ron Lewis, President and Founder of Cosmetic Technologies. “We are already well-positioned to handle such growth with our advanced technical expertise and substantial equipment and infrastructure investments already completed, but KDC offers us the expertise, sales force, facilities and network to achieve this objective. Its excellent track record of sales growth, operational excellence, and superior customer service will add to our history of reliability, competence, and consistency, which has led to a continuous flow of new customers through industry referrals.”

KDC plans to double its production by 2018 and become the leader in its industry, while remaining the only North American player with the critical mass needed to play a major role internationally. Only one year since its recapitalization, KDC has already invested more than $100 M in the development of the company, and in acquisitions such as Cosmetic Technologies, Kolmar and ChemAid, each of which further leverages KDC’s position as segment leader.”

ABOUT KDC

KDC is a leader and total solution provider in the contract manufacturing fields of regulated and non-regulated personal care products with sales in excess of $500 M, five operating facilities run by a most talented and experienced team of professionals. KDC has its head office in Knowlton, Québec, where its main plant is also located. In addition, KDC has plants in Mississauga, Ontario, as well as in Lynchburg, Virginia, and Columbus, Ohio. Altogether, the company employs 2,200 people, including nearly 900 in Knowlton. For more information, please visit: http://www.kdc-companies.com.

ABOUT CHEMAID LABORATORIES

Located in Northern New Jersey, ChemAid Laboratories is a premier formulator providing contract manufacturing services to the beauty industry. Strategically aligned with key technology companies to create skin care, hair care, fine fragrances ancillaries, bath and body treatment products that surpass client’s expectations. For more information about ChemAid Laboratories, please consult: http://chemaidlabs.com.

ABOUT NOVACAP
With $1.5 billion of assets under management, NOVACAP is one of Canada’s leading private equity firms. Since 1981, its distinct partnership approach based on operational expertise has helped more than 50 companies accelerate their growth and maximize their value. NOVACAP ranks among the top private equity firms in North America. The results of NOVACAP I and NOVACAP II rank NOVACAP in the first quartile of the funds classified by Thomson Venture Economics. NOVACAP Industries IV has recently raised an initial $300-million investment and expects to complete commitments for its $425-million goal in the next few months. For more information, please consult: www.novacap.ca.

ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

La Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2014, it held $214.7 billion in net assets. As one of Canada’s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information: www.lacaisse.com.

ABOUT INVESTISSEMENT QUEBEC 

Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment. For more information: www.investquebec.com.

ABOUT THE FONDS DE SOLIDARITE FTQ 

The Fonds de solidarité FTQ helps drive our economy. With net assets of $10.5 billion as of November 30, 2014, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec’s development. The Fonds is a partner, either directly or through its network members, in more than 2,450 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 172,000 jobs. For more information, visit www.FondsFTQ.com.

KDC announces the acquisition of the Kolmar Labs Group, a new foray into the Color Cosmetics and Specialty Delivery categories

Montréal, October 14, 2015KDC (The Knowlton Development Corporation), a leading contract manufacturer of health and beauty-care products headquartered in Longueuil, Québec, today announced the acquisition of the Kolmar Labs Group companies: Kolmar Laboratories Inc. and Acupac Packaging Inc. Kolmar is a New-York-based custom formulator and manufacturer of color cosmetics, personal care and skincare products, offering Product Development, R&D Innovation, QA/QC services, Regulatory services and manufacturing solutions for beauty and skin care brands. Kolmar Laboratories and Acupac Packaging together employ 500 full-time employees in state-of-the-art facilities totalling over 340,000 feet.

This acquisition follows the 2014 recapitalization of KDC by parent company NOVACAP, through its NOVACAP Industries IV, in partnership with La Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada (EDC), Fondaction CSN and other institutional partners.

The acquisition is one more step forward in KDC’s evolution as world-class leader in the supply of high quality, innovative products and delivery solutions to prominent brands. While KDC is active in many personal care categories, such as deodorants, hair care, bath and body, and skin care, Kolmar represents its first foray into the Color Cosmetics category. KDC envisions Kolmar as a growth platform in its portfolio of enterprises, as it will allow it to diversify its offer and develop new market possibilities, by leveraging the scale and core competencies of its combined network of companies, facilities and clients.

“We believe that this category has strong business fundamentals and significant growth prospects,” said Nicholas Whitley, President and CEO of KDC. “We were particularly attracted to Kolmar’s innovation-based business model, its strong physical plant and equipment technologies, its outstanding customer base, and, most of all, its team of talented, highly skilled professionals. KDC, Kolmar and Acupac have very similar operating principles and business cultures, representing from the onset a strong alignment. We will welcome some of Kolmar’s and Acupac’s best practices into our business, while also exporting some of our best practices. The synergies from our alignment will bring benefit to all.”

“With this acquisition, KDC and its partners continue to deliver on their promise to double the business and reach the billion-dollar mark in annual revenues between the next three to five years,” added Michel Cote, KDC’s Chairman and Senior Partner of KDC owner company, NOVACAP. “Within one year since the recapitalization of KDC, we have already invested more than $100 M in the development of the company, and in acquisitions such as ChemAid and Kolmar, each of which further leverages KDC’s position as segment leader.”

“KDC is a strong, proven leader in the outsourcing business, and we feel that this will be a tremendous combination which will add value for customers, employees and all stakeholders, leading to a very bright future for both companies,” said Robert Edmonds, President and CEO of Kolmar Labs Group. “KDC has a solid history of investing in their businesses, their plants and their people, and we can expect that to continue with Kolmar. KDC has an excellent track record of sales growth, operational excellence, and superior customer service and shares our vision for Kolmar and Acupac as the best custom manufacturer in North America for health, personal care, beauty and medical markets.”

KDC plans to double its production by 2018 and become the leader in its industry, while remaining the only North American player with the critical mass needed to play a major role internationally.

ABOUT KDC

KDC is a leader and total solution provider in the contract manufacturing fields of regulated and non-regulated personal care products with sales in excess of $500 M, five operating facilities run by a most talented and experienced team of professionals. KDC has its head office in Knowlton, Québec, where its main plant is also located. In addition, KDC has plants in Mississauga, Ontario, as well as in Lynchburg, Virginia, and Columbus, Ohio. Altogether, the company employs 2,200 people, including nearly 900 in Knowlton. For more information, please visit: http://www.kdc-companies.com.

ABOUT CHEMAID LABORATORIES

Located in Northern New Jersey, ChemAid Laboratories is a premier formulator providing contract manufacturing services to the beauty industry. Strategically aligned with key technology companies to create skin care, hair care, fine fragrances ancillaries, bath and body treatment products that surpass client’s expectations. For more information about ChemAid Laboratories, please consult: http://chemaidlabs.com.

ABOUT NOVACAP
With $1.5 billion of assets under management, NOVACAP is one of Canada’s leading private equity firms. Since 1981, its distinct partnership approach based on operational expertise has helped more than 50 companies accelerate their growth and maximize their value. NOVACAP ranks among the top private equity firms in North America. The results of NOVACAP I and NOVACAP II rank NOVACAP in the first quartile of the funds classified by Thomson Venture Economics. NOVACAP Industries IV has recently raised an initial $300-million investment and expects to complete commitments for its $425-million goal in the next few months. For more information, please consult: www.novacap.ca.

ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

La Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2014, it held $214.7 billion in net assets. As one of Canada’s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information: www.lacaisse.com.

ABOUT INVESTISSEMENT QUEBEC

Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment. For more information: www.investquebec.com.

ABOUT THE FONDS DE SOLIDARITE FTQ

The Fonds de solidarité FTQ helps drive our economy. With net assets of $10.5 billion as of November 30, 2014, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec’s development. The Fonds is a partner, either directly or through its network members, in more than 2,450 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 172,000 jobs. For more information, visit www.FondsFTQ.com.

KDC announces the acquisition of ChemAid Laboratories

MONTRÉAL, January 7, 2015 – KDC (The Knowlton Development Corporation), a leading contract manufacturer of health and beauty-care products headquartered in Knowlton, Québec, announces the acquisition of ChemAid Laboratories, an innovative formulator and manufacturer of skincare, hair care and bath and body products. ChemAid Laboratories employs a team of seasoned professionals with a vast experience in the formulation and manufacturing of high performance, efficient and high quality products at its manufacturing facility, located in Saddle Brook, New Jersey.

“This is a key strategic addition to the KDC family, as we look to further strengthen our innovation capabilities, add new customers and channels and leverage the scale and core competencies of our combined network of companies. More importantly, we will also be adding new manufacturing capabilities and a very capable and talented team of professionals”, said Nicholas Whitley, President and CEO of KDC.

“This the first important acquisition for KDC following its recent recapitalization by NOVACAP Industries IV investment fund, and is part of our overall strategy to double the business in the next 3 to 5 years.”, added Michel Cote, KDC’s Chairman and Senior Partner of owner NOVACAP. “NOVACAP has owned the company since 2003 and the business is now ten times the size it was when the initial investment was made. We strongly feel that KDC is in a unique position to capitalize on the continued consolidation occurring in this industry and, through NOVACAP Industries IV, it has the support of a committed and broad investment group, including La Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ and Investissement Québec, amongst others.”

With the support of its shareholders, KDC plans to implement an ambitious growth plan that will position it as a first-choice partner for brand owners around the world in the field of beauty- and personal-care products, aiming for the billion-dollar mark in annual revenues within a few years.
Through complementary acquisitions, expansion of services and development opportunities abroad, KDC plans to double its production by 2018 and become the leader in its industry, while remaining the only North American player with the critical mass needed to play a major role internationally.

ABOUT KDC

KDC is a leader and total solution provider in the contract manufacturing fields of regulated and non-regulated personal care products with sales in excess of $500 M, five operating facilities run by a most talented and experienced team of professionals. KDC has its head office in Knowlton, Québec, where its main plant is also located. In addition, KDC has plants in Mississauga, Ontario, as well as in Lynchburg, Virginia, and Columbus, Ohio. Altogether, the company employs 2,200 people, including nearly 900 in Knowlton. For more information, please visit: http://www.kdc-companies.com.

ABOUT CHEMAID LABORATORIES

Located in Northern New Jersey, ChemAid Laboratories is a premier formulator providing contract manufacturing services to the beauty industry. Strategically aligned with key technology companies to create skin care, hair care, fine fragrances ancillaries, bath and body treatment products that surpass client’s expectations. For more information about ChemAid Laboratories, please consult: http://chemaidlabs.com.

ABOUT NOVACAP
With $1.5 billion of assets under management, NOVACAP is one of Canada’s leading private equity firms. Since 1981, its distinct partnership approach based on operational expertise has helped more than 50 companies accelerate their growth and maximize their value. NOVACAP ranks among the top private equity firms in North America. The results of NOVACAP I and NOVACAP II rank NOVACAP in the first quartile of the funds classified by Thomson Venture Economics. NOVACAP Industries IV has recently raised an initial $300-million investment and expects to complete commitments for its $425-million goal in the next few months. For more information, please consult: www.novacap.ca.

ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

La Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2014, it held $214.7 billion in net assets. As one of Canada’s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information: www.lacaisse.com.

ABOUT INVESTISSEMENT QUEBEC

Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment. For more information: www.investquebec.com.

ABOUT THE FONDS DE SOLIDARITE FTQ

The Fonds de solidarité FTQ helps drive our economy. With net assets of $10.5 billion as of November 30, 2014, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec’s development. The Fonds is a partner, either directly or through its network members, in more than 2,450 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 172,000 jobs. For more information, visit www.FondsFTQ.com.

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