SK Capital to Acquire J&K Ingredients

SK Capital to Acquire J&K Ingredients

SK Capital Partners, LP, a private investment firm specializing in specialty materials, ingredients, and life sciences, has announced its agreement to acquire J&K Ingredients, Inc., a leading manufacturer and supplier of food and beverage ingredients. The acquisition, from CORE Industrial Partners, focuses on J&K's expertise in natural, organic, and clean label products. The financial terms of the deal remain undisclosed, with the transaction expected to finalize by the year's end.

Transaction Snapshot

  • Deal value: N/A
  • Deal type: Acquisition
  • Deal date: Expected to close before end of 2023
  • Investors: SK Capital Partners, LP
  • Founders: N/A

J&K Ingredients, established in 1899 and headquartered in Paterson, New Jersey, is renowned for its innovative food and beverage ingredient solutions, notably its first natural mold inhibitor, Bred-Mate, and the clean label alternative, SOR-Mate. The company's diverse product range includes egg & milk replacers, emulsions, flavors, and bread bases, serving a variety of market segments.

Mario Toukan, Managing Director at SK Capital, highlighted J&K Ingredients' leadership in compliance and custom solutions. He emphasized the company's potential as a leading natural preservative supplier in an evolving market, notably with its SOR-Mate innovation.

Dan Lory, Principal at SK Capital, expressed enthusiasm for the partnership with J&K, aiming to drive growth and establish a robust ingredients platform. He commended J&K's role as a provider of high-value solutions.

Ricardo Alvarez, CEO of J&K Ingredients, welcomed the partnership with SK Capital, aligning with their vision for growth in clean label products. He anticipates collaborative efforts to enhance 'better for you' products in the consumer market.

Legal counsel for the transaction was provided by Kirkland & Ellis LLP, with financial support from KeyBanc Capital Markets, Kayne Anderson Private Credit, and Benefit Street Partners.

About SK Capital: SK Capital focuses on specialty materials, ingredients, and life sciences sectors. With a portfolio generating $17 billion in revenue and employing over 25,000 people, the firm manages assets of about $7.9 billion.

About J&K Ingredients: J&K Ingredients, founded in 1899, specializes in bakery, food & beverage, and pet food ingredients. Headquartered in Paterson, New Jersey, the company holds numerous certifications and operates three facilities.

📌 If you want more of this, subscribe to our newsletter - bite-sized tips and data to help you plan and execute your exit or capital raise.

Back to blog