SK Capital portfolio company Tilley Company (Tilley), a US based distributor and service provider of specialty ingredients, has merged with with Phoenix Aromas and Essential Oils (Phoenix), a US-based distributor of flavour and fragrance ingredients and compounds, serving the food and beverage, personal care, pharmaceutical, air care, and fragrance markets.
Committed debt financing for the deal was led by Madison Capital Funding LLC and the combined business will now be known as the Tilley Phoenix Group.
