January 7 2021, David R Brown
Private investment firm, SK Capital acquires a majority stake in U.S. distributor, Tilley Chemical
Tilley Chemical Company, Inc., a leading U.S. regional distributor and value-added service provider of specialty chemicals and lubricants, have announced that funds advised by SK Capital Partners, L.P. have made a controlling investment in the Company. SK Capital's investment will serve as the basis for a new strategic partnership with the Tilley family, who will continue to retain a significant ownership stake and involvement in the Company.
Tilley is taking this step to satisfy growing demands from its suppliers and customers who want to see Tilley expand its infrastructure and footprint to continue supporting their growth with a high level of service
John Tilley
President of Tilley Chemical Company, Inc.
Privately held since being founded by the Tilley family in 1952, Tilley is a leading specialty chemical and lubricant distributor with value-added capabilities including storage, blending, packaging and regulatory and technical support. The Company serves customers across a diverse set of regulated markets within the Mid-Atlantic region, including food and beverage, flavor and fragrance, household, industrial and institutional and life sciences. Additionally, Tilley’s lubricant division provides a comprehensive line of automotive and industrial lubricants and functional products for road transport, aviation and general industrial markets. Tilley operates two facilities in North America and employs approximately 100 people.
“The Tilley family, including John and Sean Tilley and their team, have built a tremendously successful platform with an industry-wide reputation for customer service, supply chain solutions and quality products,” said Mario Toukan, Managing Director of SK Capital. “We look forward to partnering with the Tilley team to continue to serve its customer base and expand the platform's reach and capabilities.”
“Tilley is taking this step to satisfy growing demands from its suppliers and customers who want to see Tilley expand its infrastructure and footprint to continue supporting their growth with a high level of service,” explained John Tilley.
Jon Borell, a Managing Director of SK Capital added, “For many years, SK Capital has sought to invest into a strong distribution business, and we believe we have found a great opportunity to partner with Tilley.”
About Tilley Chemical Company, Inc.
Founded in 1952, Baltimore, Maryland‐based Tilley is a value-added chemical distributor that offers supply chain solutions for customers across specialty chemical and lubricant markets. The Company seeks to act as a direct extension of their suppliers' selling networks to effectively partner and service broader customer networks. Tilley operates modern, efficient distribution facilities and a large fleet of transportation equipment to serve its customers' chemical needs. The Company operates two North American facilities and offers a comprehensive portfolio of value-added services, including regulatory and technical support, custom formulation, lab QA/QC testing, liquid and dry blending, storage and packaging and repackaging. Tilley is a member of the OmniChem Alliance and is a member of the National Association of Distributors.
Source(s): SK Capital Partners Press Release