CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the completion of the previously announced sale of J&K Ingredients LLC (“J&K” or the “Company”), a manufacturer of specialty clean label food & beverage ingredients, to SK Capital, a private investment firm focused on the specialty materials, ingredients, and life sciences sectors.
John May, Managing Partner of CORE said, “We are proud of what the J&K and CORE team accomplished in recent years, and believe J&K will continue to serve the clean label preservative category for food and beverage applications with excellence and innovation. J&K is well equipped to execute upon its strategic growth plan, and we wish the best to the team going forward.”
Harris Williams served as the exclusive financial advisor to CORE and the Company on the transaction.
ABOUT CORE INDUSTRIAL PARTNERS:
CORE Industrial Partners is a private equity firm with over $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses with offices in Chicago, Austin and Cleveland. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.
ABOUT J&K INGREDIENTS:
Founded in 1899, J&K Ingredients is a provider of natural, organic and clean label baked goods ingredients. Based in Paterson, New Jersey, J&K developed the first natural mold inhibitor for the baked goods industry, and today, offers more than 400 products across 13 categories to a blue-chip customer base comprised of enterprise-level food & beverage manufacturers as well as regional manufacturers, wholesalers, distributors, and local mom-and-pop shops. The Company’s signature product lines include Bred-MateTM, Rice-MateTM, and SOR-MateTM, the first natural replacement for sorbic acid and potassium sorbate. Operating three facilities in Paterson, J&K Ingredients holds FDA, Halal, Kosher, FSSC 22000, and organic certifications. For more information, visit www.jkingredients.com.