Canadian consumer products company Knowlton Development files for a $100 million US IPO
Knowlton Development, a Canadian maker of home and personal care products, filed on Monday with the SEC to raise up to $100 million. The company plans to dual list on the Toronto Stock Exchange under the symbol “KDC”.
Knowlton states that it is a global provider of value-added solutions to many of the world’s leading brands in the beauty, personal care, and home care categories. The company partners with both consumer products companies and independent brands, enabling success through ideation, formulation, design, packaging, and manufacturing of products sold under more than 1,000 different brand names. Over the past three years, Knowlton has been responsible for co-developing over 9,000 products across categories including skin care, body and hair care, soaps and sanitizers, cosmetics, deodorants, sun care, fragrances, air care, fabric care, pest control, and surface care products. Its products are sold by its brand partners in more than 70 countries.
The Longueuil, Canada-based company was founded in 1990 and booked $2.1 billion in sales for the 12 months ended April 30, 2021. It plans to list on the NYSE under the symbol KDC. Knowlton Development filed confidentially on April 19, 2021. Goldman Sachs, J.P. Morgan, UBS Investment Bank, BMO Capital Markets, BofA Securities, Guggenheim Securities, Jefferies, Morgan Stanley, and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Canadian consumer products company Knowlton Development files for a $100 million US IPO originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.
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