Baltimore-based Tilley Company (Tilley), a leading regional distributor and value-added service provider of specialty chemicals and lubricants and a portfolio company of SK Capital Partners (SK Capital), announced the acquisition of Ingredients Solutions Incorporated (ISI).

The addition of ISI enhances Tilley’s portfolio of value-add specialty chemicals and ingredients with a full line of hydrocolloid products for food and beverage, animal nutrition, personal care, and pharmaceutical markets. The combined company represents a full-service solutions provider as one of the largest independent distributors of hydrocolloids in North America. The acquisition of ISI is the first in Tilley’s history and comes shortly after the partnership with SK Capital was announced in 2020.

“Tilley Company is extremely pleased to welcome ISI’s Waldo, Maine R&D laboratory and hydrocolloid specialists 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. Furthermore, this acquisition fits our strategic M&A plan by enhancing Tilley’s food and beverage ingredient product solutions, while also expanding geographic access,” said Sean Tilley, President and CEO of Tilley.

Klehr Harrison Harvey Branzburg LLP acted as legal counsel to Tilley Chemical and committed debt financing was provided by Madison Capital.