M&A Deal Summary

SK Capital Partners Acquires J&K Ingredients

On October 11, 2023, private equity firm SK Capital Partners acquired food company J&K Ingredients from CORE Industrial Partners

Acquisition Highlights
  • This is SK Capital Partners’ 1st transaction in the Food sector.
  • This is SK Capital Partners’ 26th transaction in the United States.
  • This is SK Capital Partners’ 3rd transaction in New Jersey.

M&A Deal Summary
Date 2023-10-11
Target J&K Ingredients
Sector Food
Buyer(s) SK Capital Partners
Sellers(s) CORE Industrial Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Kirkland & Ellis (Legal)

Target

J&K Ingredients

Paterson, New Jersey, United States
J&K Ingredients is a producer of natural, organic, and clean label baked goods ingredients. The Company developed the first natural mold inhibitor and today offers more than 400 bakery ingredient products across 13 categories to a broad customer base comprised of commercial bakeries and bakery product wholesalers and distributors. J&K Ingredients was founded in 1899 and is based in Paterson, New Jersey.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.

DEAL STATS #
Overall 39 of 41
Sector (Food) 1 of 2
Type (Secondary Buyout) 9 of 9
State (New Jersey) 3 of 3
Country (United States) 26 of 27
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Milestone Environmental Services

Houston, Texas, United States

Milestone Environmental Services is a national provider of oilfield waste solutions with an engineered waste disposal process that is environmentally focused, cost-effective, and efficient. Milestone operates from strategically located, state-of-the-art processing facilities that provide dependable, local service for leading U.S. oil and gas basins. Milestone Environmental Services was founded in 2014 and is based in Huston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Venator Materials

Stockton-on-Tees, United Kingdom

Venator Materials is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. Venator market products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of functional additives, color pigments, timber treatment, and water treatment businesses. Venator Materials is based in Stockton-on-Tees, United Kingdom.

Sell -

Seller(S) 1

SELLER

CORE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CORE Industrial Partners is a private equity firm focused on acquiring mid-sized, North American, manufacturing and industrial technology companies. The Firm targets buyouts, non-core divestitures, and complex situations from a variety of sellers generating revenue up to $200 million. The Firm prefers companies with diverse customers, opportunities to add value, and operating fragmented markets. CORE Industrial Partners was established in 2017 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Food) 1 of 1
Type (Secondary Buyout) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 PrecisionX

Clifton, New Jersey, United States

PrecisionX supplies critical use, high-reliability components to the aerospace, defense, medical device, battery, electronics, fuel cell, and industrial markets. The company is a specialist in high-tolerance components, national is known for its ability to manufacture complex shapes with exotic, high-performance raw materials such as Inconel, Monel, Kovar, Hastelloy, titanium, and tantalum. It offers customers complex 5-axis CNC machining and turning, custom toolmaking, laser welding, surface finishing, heat treatment, passivation, and degreasing. PrecisionX is based in Clifton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Century Box

Methuen, Massachusetts, United States

Century Box is a provider of folding cartons for store-brand food and consumer products. It offers comprehensive printing, converting, and finishing capabilities across a range of paperboard grades. Century Box was formed in 1978 and is based in Methuen, Massachusetts.

Buy -
Mergr

Product

Company

Legal