By: ICN Bureau
Last updated : January 05, 2022 8:15 pm
The acquisition of Callahan aligns with the Company’s vision in creating a specialized, world-class supplier of high-quality ingredients supported by a robust value-added service offering
Tilley-Phoenix Group, a leading U.S. based specialty ingredients distributor and value-added service provider, and portfolio company of SK Capital Partners, announced the acquisition of Callahan Chemical Company, a regional distributor of high-quality ingredients and compounds serving a diverse set of end markets.
The acquisition of Callahan aligns with the Company’s vision in creating a specialized, world-class supplier of high-quality ingredients supported by a robust value-added service offering.
“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.
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. “Since its founding in 1958 by my father James B. Callahan, Callahan Chemical has consistently provided outstanding value to its customers, suppliers, and employees. We are confident that by joining the Tilley-Phoenix Group the opportunity to increase our value-added services will be greatly enhanced,” said John Callahan, CEO of Callahan Chemical.
The addition of Callahan to Tilley-Phoenix 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,” said Sean Tilley, President and COO of Distribution.
Klehr Harrison LLP acted as legal counsel to Tilley-Phoenix and committed debt financing was led by Madison Capital Funding LLC.