Cornell Capital-backed Knowlton Development completed the acquisition of Cosmetic Laboratories of America.

Cornell Capital-backed Knowlton Development, a provider of beauty, personal care and household brands, completed the acquisition of Cosmetic Laboratories of America, a provider of personal care and beauty products based in Chatsworth, California. Financial terms were not disclosed. "CLA has been a premier early formulation developer for decades, as evidenced by the number of large, flagship beauty products the company has developed and launched over the years. With an exceptional leadership team, a reputation for speed-to-market and best-in-class assets producing prestige skin and hair care products, CLA is the ideal partner for KDC/ONE as we look to invest in and solidify our West Coast footprint, further enhance our creative, cutting-edge offerings and scale our end-to-end capabilities in the region," Nicholas Whitley, KDC/ONE CEO.