Funds advised by SK Capital Partners (SK Capital), a private investment firm focused on the specialty materials, specialty chemicals, and pharmaceuticals sectors, has acquired Florachem Holdings (Florachem) from an affiliate of Carmelina Capital, LLC.
Florachem is a leading manufacturer and supplier of natural plant-based ingredients including citrus, pine, and specialty rosin resins. The Company’s high quality natural products help their global customer base improve product performance with sustainable, clean-label ingredients. Florachem partners with industry- leading customers across diverse end markets including flavour and fragrance, personal care, industrial, and coatings and adhesives.
Florachem, led by President and CEO, Jon Leonard, is headquartered in Jacksonville, Florida, where it has a citrus and pine manufacturing and research and development capabilities. Additionally, the Company is in the process of completing the construction of a new food-grade manufacturing facility that will expand Florachem’s capacity, add new capabilities, and support the Company’s strategic expansion of its natural citrus ingredient product line.
