Canada’s KDC/One acquires France’s Alkos Group
Summary
The external growth momentum continued with the takeover, on November 16, 2016, of the Thibiant International Company, based in Chatsworth, California, a formulator and manufacturer of personal care and skincare products. One month later, on December 12, KDC officials announced the acquisition of Northern Labs, a contract manufacturer, located in Wisconsin, specialising in liquid, gel, lotion, and paste products dedicated to personal and home care markets. With the Alkos Group, KDC/One now operates thirteen production units in North America and France and employs more than 5,200 people for sales totalling more than $ 1 billion. After a rapid growth of all these entities, in March 2017, the sale of Cosmogen (fully taken over by MBO Partenaires) allowed the Alkos Group to repay all of its senior debt and to consider continuing its investment programme by taking advantage of the construction of the new Inter Cosmétiques plant in Angers and of the development of innovative products. Second line: highlight the capacity for innovation and the full extent of the offer of these three entities: Make-up in all its texture forms, personal care products, scented soaps and deos.