July 15, 2019
Knowlton Development Corporation (KDC/ONE) just concluded a second acquisition in as many weeks. After buying French group ALKOS at the beginning of July, the Longueuil-based company announced that it has acquired the assets of Swallowfield, for $57 millions. Swallowfield is an established leader in the personal care and beauty space. Swallowfield's manufacturing business focuses on the development, formulation, and supply of products for customers which include many of the world's leading brands. Swallowfield's differentiated manufacturing offering includes aerosols, hot pour products, cosmetic pencils, fragrance and gifting. Headquartered in Wellington, UK, the manufacturing business has approximately 560 employees and operates across three main facilities in Europe (two in the United Kingdom and one in Czech Republic), as well as a sourcing office in China and sales offices in Paris and New York.
