Knowlton Development Corporation acquired Cosmetic Technologies from Ascendiant Capital Markets LLC on October 21, 2015. The transaction is being financed by NOVACAP Industries IV fund, in partnership with La Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada, Fondaction CSN and other institutional partners. Cosmetic Technologies reported sales in excess of $650 million. Ascendiant Capital acted as financial advisor to Cosmetic Technologies. Fasken Martineau DuMoulin LLP acted as the legal advisor to KDC.

Knowlton Development Corporation completed the acquisition of Cosmetic Technologies from Ascendiant Capital Markets LLC on October 21, 2015.