Tilley Company, Inc., a distributor and value-added service provider of specialty ingredients and a portfolio company of SK Capital Partners, has merged with Phoenix Aromas and Essential Oils.
Phoenix is distributor of high-quality flavor and fragrance ingredients and compounds. The firm serves the food and beverage, personal care, pharmaceutical, air care and fragrance markets. Phoenix works directly with growers and producers to source sustainable ingredients.
Following the deal, the combined entity will improve Tilley’s existing product portfolio and will gain the expertise and experience offered by Phoenix.
“The merger of Tilley and Phoenix brings together two dynamic and talented teams; both companies share complementary core values and strategic vision and are fully committed to maintaining the very highest levels of quality, safety, and customer service,” said Jean-Paul Benveniste, president and CEO of the new organization.
Kirkland & Ellis LLP acted as legal counsel to Tilley Company and committed debt financing was led by Madison Capital Funding LLC.