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22 November 2023

SK Capital acquires J&K Ingredients from Core Industrial

SK Capital acquires J&K Ingredients from Core Industrial

Private equity firm SK Capital Partners has acquired J&K Ingredients from Core Industrial Partners for an undisclosed sum. Headquartered in Paterson, New Jersey, J&K Ingredients is a provider of food and beverage ingredients solutions focusing on natural, organic and clean-label products. The company was purchased by Core in 2020. According to the business, J&K Ingredients sets itself apart through its extensive custom formulation and new product development capabilities. The company offers a comprehensive range of speciality ingredients, including egg and milk replacements, emulsions, flavours and bread bases to the bakery market. Mario Toukan, managing director of SK Capital, said: “Clean label food preservation technologies are an increasingly important pillar of sustainability by reducing food waste and the associated environmental footprint, and J&K has already established itself as a critical, value-added clean label partner to its bakery customers. We feel privileged to play a part in bringing clean-label preservative solutions to the broader food and beverage industry with SOR-Mate, as well as in building out a more comprehensive suite of natural and clean-label solutions as we embark on J&K’s next phase of growth.” Dan Lory, principal at SK Capital, added: “SK Capital has significant experience investing in ingredients businesses, and we believe J&K represents a tremendous opportunity to create a leading clean-label ingredients platform. We are thrilled to be partnering with the J&K team to build upon the company’s stellar reputation and technical achievements to date.”

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