Cornell Capital-Backed KDC/ONE to Merge with HCT Group

December 17, 2019

KDC/ONE, a Cornell Capital-backed custom formulator and manufacturer, entered into a definitive agreement to combine with HCT Group to create an integrated global provider of manufacturing and packaging solutions for the beauty and personal care industry. The transaction brings together complementary capabilities in formulation, design, manufacturing, filling and logistics, with existing ownership (Cornell Capital, CDPQ, Investissement Québec, HarbourVest) reinvesting alongside HCT management; specific financial terms were not disclosed.

Buyers
KDC/ONE, Cornell Capital LLC, Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec, HarbourVest Partners, LLC
Targets
HCT Group
Platforms
KDC/ONE
Industry
Manufacturing
Location
California, United States
Transaction Type
Addon

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.