PATERSON, NJ — SK Capital Partners, a private investment firm focused on the specialty materials, ingredients and life sciences sectors, has announced an agreement to acquire J&K Ingredients, an ingredients solutions provider.
“SK Capital’s history of success in the food and beverage and broader ingredients industry and its focus on accelerating growth make them an ideal partner for J&K,” said Ricardo Alvarez, CEO of J&K Ingredients. “Most importantly, they share our belief that J&K is uniquely positioned for the long term to capitalize on the industry-wide movement to clean label products and are committed to investing in its growth. We look forward to working together to bring ‘better for you’ products to consumers.”
“SK Capital’s history of success in the food and beverage and broader ingredients industry and its focus on accelerating growth make them an ideal partner for J&K.” — Ricardo Alvarez | CEO | J&K Ingredients
Currently owned by CORE Industrial Partners, the terms of the deal were not disclosed. The transaction is expected to close before the end of the year.
“As a differentiated provider of high-value solutions to its customers, J&K represents a business with which we seek to partner,” said Dan Lory, principal of SK Capital. “We are excited to leverage our expertise in the food ingredient industry and collaborate with J&K to usher in the next phase of growth, building an attractive ingredients platform driven by a proactive commercial strategy and recognized for its comprehensive offering.”