After the takeover of the Alkos Group a few weeks ago, the Canadian company KDC/One has just acquired the British manufacturer Swallowfield for GBP 35 million (USD 43,7million). Already the largest subcontractor in the cosmetics trade in North America, KDC/One is strengthening its presence in Europe with three further manufacturing facilities: two in the United Kingdom and one in the Czech Republic.
Knowlton Development Corporation (KDC/One) continues its external growth strategy. Already the #1 subcontractor for the cosmetics business in North America, the corporate, headquartered in Longueuil, Quebec, continues to develop its manufacturing capabilities in Europe with the acquisition of the manufacturing enterprise of the UK-based Swallowfield Group. The GBP 35 million transaction does include Swallowfield’s owned brands division, which can now be based in Teddington and is predicted to alter its identity to Brand Architekts Group.
With more than 140 years of experience, Swallowfield is an established leader within the personal care and beauty space. Swallowfield’s Manufacturing enterprise focuses on the development, formulation, and supply of products for customers, which incorporate many of the world’s leading brands. Having constructed out key specialist product areas, Swallowfield’s differentiated manufacturing providing consists of aerosols, hot pour products, cosmetic pencils, fragrance, and gifting. Headquartered in Wellington, UK, the Manufacturing enterprise has roughly 560 employees and operates throughout three main facilities in Europe, as well as a sourcing office in China and sales offices in Paris and New York.
The transaction is anticipated to complete in August of 2019, is topic to the approval of shareholders of Swallowfield. Upon transaction closing, the complete manufacturing enterprise and related property shall be wholly owned by KDC/One and function as KDC/One Swallowfield. Moreover, Swallowfield’s Matthew Gazzard might be appointed as KDC/One Swallowfield President and Jane Fletcher to be KDC/One Swallowfield Sales & Marketing Director.
Tim Perman will stay Chief Govt Officer of Swallowfield’s model enterprise to be renamed Model Architekts Group.