US investment firm buys a big chunk of Knowlton Development Corporation

By newsroom
US  investment firm buys a big chunk of Knowlton Development Corporation
A group of foreign investors have bought a large piece of KDC (Photo : Steve Blake)

By Steve Blake – A firm based in the New York and Hong Kong has made a large investment in Knowlton Development Corporation, one of Knowlton’s biggest employers. As part of the deal, current investors Caisse de depot et placement du Quebec (CDPQ) and Investissement Quebec (IQ) “will roll over a significant stake,” according to a press release.
“A group of investors led by Cornell Capital has partnered with KDC and its existing management to position the company for its next leg of growth,” the press release states. It says Cornell Capital and its investors will position KDC for international expansion. See full story in the Dec. 24 edition of the Brome County News.

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