Cornell Capital-Backed KDC/ONE to Acquire Zobele Group

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

December 17, 2019

Manufacturing

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.

kdc/one Acquires Barony Universal

October 1, 2025

Manufacturing

kdc/one (Knowlton Development Corporation, Inc.) has acquired the assets and certain liabilities of Barony Universal, the U.K.'s largest independent filler of personal care and household aerosol products. The acquisition expands kdc/one's European manufacturing footprint and aerosol capabilities, enabling broader product offerings and increased global reach for both companies.

KDC/ONE Acquires Cosmetic Laboratories of America

March 3, 2020

Manufacturing

KDC/ONE acquired Cosmetic Laboratories of America (CLA), a Chatsworth, California-based contract developer and manufacturer of personal care and beauty products. The deal strengthens KDC/ONE's West Coast footprint, creating a regional innovation hub for prestige and indie beauty brands; financial terms were not disclosed.

kdc/one Acquires Aerofil Technology; KKR Makes Strategic Investment in kdc/one

March 30, 2022

Manufacturing

Knowlton Development Corporation (kdc/one) acquired Aerofil Technology, a Sullivan, Missouri-based aerosol and liquid contract packager, adding North American aerosol filling capabilities to its network. Simultaneously, global investment firm KKR made a strategic minority investment in kdc/one to support the company's continued growth alongside existing investor Cornell Capital.

kdc/one Acquires V Manufacturing & Logistics

October 12, 2021

Manufacturing

Knowlton Development Corporation (kdc/one) has acquired V Manufacturing & Logistics (VML), a California-based small-batch contract manufacturer specializing in beauty and personal care products. The strategic purchase expands kdc/one's West Coast manufacturing network and adds small-run formulation and personalized production capabilities to its end-to-end beauty, personal care and home care services.

Dedagroup Stealth Acquires Zedonk

May 14, 2020

Cloud & SaaS

Dedagroup Stealth has acquired Zedonk to extend its fashion-industry software portfolio and provide an integrated, cloud-based ERP solution for small and startup fashion brands. The deal expands Dedagroup Stealth's geographic footprint (including a new presence in London) and fills a market gap by giving smaller brands access to end-to-end product lifecycle and multichannel distribution tools.