KDC announces the acquisition of the Aromair Fine Fragrance Company Inc.

Knowlton Development Corporation ("KDC"), a leading contract manufacturer of health and beauty-care products with its head office in Longueuil, Québec, announces the acquisition of the Aromair Fine Fragrance Company Inc. (‘’Aromair’’). Aromair is a leading New-Albany-based leading, full-service manufacturer and supplier specializing in Home & Air Care categories with over 20 years of global experience, offering Product Development, R&D Innovation, QA/QC services, regulatory services and manufacturing solutions. Aromair employs more than 200 full-time employees in state-of-the-art facilities totaling over 140,000 feet.

This transaction comes in the wake of a series of acquisitions carried out since 2014, and which were made possible by the private equity firm Novacap, 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 another step forward in KDC’s evolution as a 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, Aromair represents a natural and adjacent expansion into the Home Care and Air Care products categories. KDC envisions Aromair as a growth platform in its portfolio of enterprises, as it will allow it to diversify its offering and develop new market opportunities, by leveraging the scale and core competencies of its combined network of companies, facilities, existing and future clients.

KDC plans to continue its growth 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.