Cornell Capital-backed Knowlton Development, a provider of solutions for the beauty, to acquire Shanghai Paristy Daily Chemical, a custom formulator and manufacturer of color cosmetic products. The acquisition is expected to close in the first quarter of 2020. Financial terms were not disclosed. "KDC/ONE's track record of innovation and its dedication to delivering value added services to brands has set it apart in North America and Europe, and we look forward to the opportunity to play a key role in the expansion and growth of its presence in the Asia market. We view this transaction as a positive for our team as we join the KDC/ONE group, and for our customers, who will benefit greatly from the broader platform this creates for our current technologies and manufacturing capabilities," Jerome Shen, Paristy President.