NORWOOD, NJ – (BUSINESS WIRE) – Nov. December 2021 – Baltimore-based Tilley Company, Inc. (“Tilley” or the “Company”), a leading US distributor and value-added service provider of specialty ingredients and a portfolio company of SK Capital Partners (“SK Capital”), announced today announced a merger with Phoenix Aromas and Essential Oils (“Phoenix”), a leading global distributor of high quality flavors, fragrances and compounds serving the food and beverage, personal care, pharmaceutical, air care and fragrance markets. The combination of Tilley and Phoenix creates a world-class supplier of quality ingredients to better serve new and existing customers with state-of-the-art laboratories, an experienced regulatory and technical support team, and global sales and service personnel. This press release contains multimedia. View the full press release here: https://www.businesswire.com/news/home/20211202005169/en/ Since its inception in 1994, Phoenix’s mission has been to be the value-added distributor of exceptional ingredients act and work directly with growers and producers around the world to source sustainable ingredients while providing a high level of regulatory, technical and supply chain security and support to customers and suppliers. With a comprehensive portfolio of flavor and fragrance ingredients including aroma chemicals, essential oils, natural aroma chemicals, absolutes and oleoresins, the Phoenix team of industry, regulatory and engineering experts help customers identify and identify the flavors, tastes and fragrances of tomorrow to renew The combined company significantly expands Tilley’s existing product portfolio of value-adding ingredients for applications in regulated markets. As experts in flavors and fragrances, Phoenix offers global market expertise, regulatory support and just-in-time inventory, supported by a global network of sales offices and warehouses. “The merger of Tilley and Phoenix brings together two dynamic and talented teams; Both companies share complementary core values and strategic visions and are fully committed to maintaining the highest levels of quality, safety and customer service, ”said Jean-Paul Benveniste, President and CEO of the new organization through the existing management, representing one of the largest and most important best diversified supplier of flavors, fragrances and food ingredients in North America, adding value to both suppliers and customer markets through the use of highly technical laboratory services and strict quality controls. These high-touch services, combined with reliable supply chain planning and strong supplier relationships, make the combined company a premier source for specialty ingredients, ”said Sean Tilley, COO and President Phoenix continues to be committed to sourcing and distributing one in order to grow high quality portfolios of natural flavors and fragrances. The addition of Phoenix expands Tilley’s presence in sustainable ingredients and creates a leading range of bio-based products made from natural plant-based materials. “Going forward, the Tilley-Phoenix Group plans to continue its selective M&A activities, mainly focused on specialty products sold focus in regulated markets. We continue to focus on building the value-added platform and looking specifically for ways to improve the value, quality and breadth of the solutions we offer both customers and suppliers, ”added Randy Dearth, Senior Director at SK Capital. added. Kirkland & Ellis LLP acted. as legal advisor to Tilley Company, and the dedicated debt financing was led by Madison Capital Funding LLC. About Tilley Company: Founded in 1952 in Baltimore, Maryland, Tilley is a provider of value-adding specialty ingredients. The company strives to act as a direct extension of its suppliers’ sales network in order to form and serve effective partnerships with broader customer networks. Tilley operates modern, efficient distribution facilities and a large fleet of transportation equipment to meet the just-in-time production needs of its customers. The company operates two North American facilities and offers a full portfolio of value-added services, including regulatory and technical support, full-service QA / QC lab, custom formulation, custom blending and packaging, and specialty storage. Tilley has created a business environment based on open communication, Product safety and first class service. Tilley is a member of the OmniChem Alliance, the National Association of Chemical Distributors, and the Food Ingredient Distributors Association. More information is available at www.tilleycompany.com. About Phoenix Aromas and Essential Oils: Founded in 1994, based in Norwood, New Jersey, Phoenix Aromas and Essential Oils is a value-added flavor and fragrance distributor providing products, regulations and supply chain solutions to the food and beverage, personal care markets , Pharmacy, air care and fragrances. The company offers a full line of flavor and fragrance ingredients including aroma chemicals, essential oils, natural aroma chemicals, absolutes and oleoresins. Phoenix has an industry-leading regulatory team operating in state-of-the-art QA / QC laboratories around the world. Phoenix works with suppliers and manufacturers who practice sustainable and ethical production and sourcing of flavor and fragrance ingredients. For more information, visit www.phoenixaromas.com. View source version on businesswire.com: https: //www.businesswire.com/news/home/20211202005169/en/ CONTACT: Jeremy MilnerBackBay Communications401-862-9422jeremy.milner@backbaycommunications. comKEYWORD: NEW JERSEY UNITED STATES NORTH AMERICAINDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL CHEMICALS / PLASTICS MANUFACTURINGSOURCE: Tilley Company, Inc. Copyright Business Wire 2021.PUB: 02/12/2021 06:30 AM / DISC: 02/12/2021 06:32 AMhttp: 02/12/2021 06:32 AMhttp : //www.businesswire.com/news/home/20211202005169/en
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