Nearly a year after being split from its former UK parent, a supplier of fragrances for home care products such as air fresheners has been acquired by a Canadian consumer goods manufacturer.
Aromair Fine Fragrance Company Inc. just expanded this fall in New Albany, leasing an 84,000-square-foot manufacturing space. It has 200 employees over a total 140,000 square feet along Smith’s Mill Road.
Knowlton Development Corp., a Montreal-based contract manufacturer of health and beauty products, acquired Aromair for an undisclosed sum. Messages seeking comment were left with both. Private equity firm Novacap has backed several acquisitions for KDC in the past three years.
Strategic Value Partners, a London private equity firm that specializes in distressed assets, had invested in former parent Jeyes Group in 2011, when Jeyes first expanded to New Albany’s business park.
It has since became a majority owner of Aromair. Last December it sold off Jeyes, which made household cleaners.
By Carrie Ghose
From Columbus Business First