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In its newest string of acquisitions within the magnificence area, Knowlton Growth Company (KDC/ONE), a worldwide participant in customized formulation and manufacturing options for magnificence, private care and family manufacturers, has introduced an settlement to accumulate Zobele Group, a frontrunner in house and air care merchandise.
 

Based in Italy in 1919, Zobele is a worldwide producer with greater than 5,000 workers, two innovation hubs, 5 design & improvement facilities and 7 state-of-the-art amenities throughout the U.S., Europe, Asia and Latin America. Zobele serves 130 clients, offering a world providing and repair to greater than 150 main manufacturers within the fastest-growing family classes.
 
Established in 2002, KDC/ONE is a number one customized formulator and producer, providing innovation, operational excellence and pace to marketplace for well-known and rising manufacturers. Backed by Cornell Capital, which acquired KDC/ONE in December 2018 with Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec and HarbourVest Companions, KDC/ONE has expanded its expertise base and experience.
 
Following the shut of the transaction, Zobele CEO Roberto Schianchi and the present administration workforce will proceed to run the Zobele enterprise beneath the KDC/ONE umbrella, and Zobele’s headquarters will stay in Italy.
 
“As a market chief in its classes, Zobele is the correct accomplice for us as we glance to embark on our subsequent chapter of strategic development,” stated Nicholas Whitley, president and CEO of KDC/ONE. 
 
READ MORE ABOUT KDC/ONE’s latest acquisitions
Up to now two months, KDC/One has additionally acquired Shanghai Paristy Each day Chemical Co., and HCT Group. In 2019, they acquired Benchmark and Alkos Group.

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