Funds advised by SK Capital Partners (SK Capital), a private investment firm focused on the speciality materials, ingredients, and life sciences sectors, have completed their previously announced acquisition of J&K Ingredients, Inc from CORE Industrial Partners.
J&K, headquartered in Paterson, New Jersey, is a provider of food and beverage ingredients solutions with an emphasis on natural, organic, and clean label products. The company differentiates itself with extensive custom formulation and new product development capabilities, leveraging deep expertise in quality, function, and compliance.
J&K developed the bakery industry’s first natural mould inhibitor, Bred-Mate, more than four decades ago, and provides a complete suite of speciality ingredients such as egg & milk replacements, emulsions, flavours, and bread bases to the bakery market today. In 2019, the Company launched SOR-Mate, the first high-efficacy clean label alternative to potassium sorbate for use across a wide range of product categories including bakery, beverages, snacks, pet food, and dairy.
Debt financing was provided by KeyBanc Capital Markets, Kayne Anderson Private Credit, and Benefit Street Partners.