January 5 2022, David R Brown
U.S. specialty ingredients distributor, Tilley-Phoenix Group completes the acquisition of Callahan Chemical
The recently formed Tilley-Phoenix Group, a leading US-based specialty ingredients distributor, has acquired Callahan Chemical Company, a regional distributor of high-quality ingredients and compounds serving a diverse group of end markets including, food and beverage, personal care and cosmetics, pharmaceuticals and nutraceuticals, HI&I and CASE(coatings, adhesives, sealants and elastomers).
We are extremely pleased to complete the acquisition of Callahan Chemical, believing it represents a highly complementary business with shared values and visionJean-Paul Benveniste
President and CEO of Tilley-Phoenix
“We are extremely pleased to complete the acquisition of Callahan Chemical, believing it represents a highly complementary business with shared values and vision as a specialty-focused distributor supported by a strong value-added service foundation. We look forward to partnering with the Callahan team as we enhance the value we bring to existing and new customers,” said Jean-Paul Benveniste, President and CEO of Tilley-Phoenix.
Founded in 1958, Callahan distributes a broad portfolio of products sold into regulated markets, which complement the existing Tilley-Phoenix platform while also expanding the Company's product offering and market focus with a full-line offering of CASE products. The addition of Callahan to Tilley-Phoenix also provides customers with state-of-the-art regulatory and technical support, broader logistics expertise, and an enhanced product offering of value-added ingredients for applications in regulated markets.
“Callahan, like Tilley-Phoenix, brings a strong value-added approach to serving its suppliers and customers. The acquisition enhances the platform's geographic reach, which is particularly compelling for our shared supplier base,” added Sean Tilley, President and COO of Distribution.
Looking forward, Tilley-Phoenix, a portfolio company of SK Capital Partners, plans to continue its pursuit of selective M&A, focused largely on specialty products sold into regulated markets. Callahan represents the third acquisition of 2021 for Tilley-Phoenix.
About Tilley-Phoenix Group
Formed through the merger of Tilley Co. and Phoenix Aromas and Essential Oils, Tilley-Phoenix is a value-added specialty ingredients distributor serving food and beverage, fragrance, personal care and cosmetics, HI&I (household institutional and industrial) and pharmaceutical markets. The Company seeks to act as a direct extension of their suppliers' selling networks to effectively partner and service broader customer networks. Tilley-Phoenix operates modern, efficient global distribution facilities to serve its customers' just-in-time production needs. The Company offers a comprehensive portfolio of value-added services, including regulatory & technical support, full-service QA/QC laboratory, custom formulation, custom blending & packaging, and specialty storage.
Tilley-Phoenix is a member of the International Fragrance Association, OmniChem Alliance, the National Association of Chemical Distributors, and the Food Ingredient Distributors Association.
Source(s): Tilley-Phoenix Press Release