September 2 2021, David R Brown
Leading U.S. distributor, Tilley Company acquires Ingredients Solutions Inc (ISI)
Tilley Chemical Company, Inc., a leading U.S. regional distributor and value-added service provider of specialty chemicals and lubricants, has acquired Ingredients Solutions Inc., a Maine-based distributor and blender of hydrocolloids. The deal makes the Tilley Company the largest North American independent distributor of hydrocolloids and significantly enhances their portfolio of specialty chemicals and ingredients.
Ingredients Solutions brings a leading hydrocolloid offering and best-in-class product application know-how to meet the precise needs of food, beverage, and personal care customers
Sean Tilley
President and CEO of Tilley Company
The acquisition is the first in company history for Tilley and comes on the heels of a partnership created in January this year with SK Capital Partners, a private equity firm that specializes in the chemical industry.
“Tilley Company is extremely pleased to welcome the hydrocolloid specialists at ISI and the Waldo, Maine R&D laboratory into the Tilley family. Ingredients Solutions brings a leading hydrocolloid offering and best-in-class product application know-how to meet the precise needs of food, beverage, and personal care customers,” said Sean Tilley, president and chief executive officer of Tilley Company.
For the past three decades, Ingredients Solutions has established itself as a leading distributor of a full range of products derived from renewable plants and algae. Besides carrageenans, ISI product lines include Nalgin™ sodium alginates, pectin, locust bean gum, tara gum, gellan gum, agar-agar, xanthan gum and konjac gum. Applications of the company's current customers include dairy, meat and poultry, plant-based food and beverages, sauces and dressings, bakery, pet food and pharmaceuticals.
Tilley has also built a reputation as a premier ingredient supplier in the food and beverage space. The company offers food, bakery and specialty ingredients for its customers, sourcing hard-to-find ingredients and bolstering supply chains in the process.
About Tilley Company
Founded in 1952, Tilley Company is a global supply chain partner committed to delivering high-quality products and value-added services to partners across multiple industries. The Tilley Company is made up of Tilley Ingredients & Specialties, active in the U.S. food, pharmaceutical, personal care, fragrance and HI&I industries and Tilley Lubricants. In addition to these two divisions, the company also offers custom blending and packaging and R&D lab services. In 2020 Tilley Company had revenues of USD 115.9M million and employs more than 100 people across its two facilities in Maryland.
Source(s): Tilley company Press Release