Tilley Company Unites with Phoenix Aromas and Essential Oils to Form the Tilley-Phoenix Group

Tilley Company, Inc., a leading distributor based in Baltimore, United States, and value-added service provider of speciality ingredients and a portfolio company of SK Capital Partners (SK Capital), declared today that it has merged with Phoenix Aromas and Essential Oils (Phoenix), a leading global distributor of high-quality flavour and fragrance ingredients and compounds having applications in the food and beverage, personal care, pharmaceutical, air care, and fragrance industries.

With fully equipped laboratories, experienced regulatory and technical support, and worldwide sales and customer service personnel, the merger of Tilley and Phoenix produces a world-class provider of premium ingredients to serve new and current clients better.

According to Sean Tilley, Chief Operating Officer (COO) and President, Phoenix employs advanced technological laboratory services and stringent quality control techniques to deliver a high degree of expertise to the flavour and fragrance industry. As a result, the merged firm is a best-in-class source for specialised ingredients because of these high-touch services paired with solid supply chain planning and excellent supplier connections.

Phoenix has aimed to act as a value-added distributor of exceptional ingredients since its commencement in 1994, working directly with growers and producers worldwide to supply sustainable ingredients while providing customers and suppliers with a high level of regulatory, technical, and supply chain security and support. Phoenix's team of industry, regulatory, and technical experts help customers identify and innovate the aromas, flavours, and fragrances of the future with a comprehensive portfolio of flavour and fragrance ingredients, including aroma chemicals, essential oils, natural aroma chemicals, absolutes, and oleoresins.

The new entity will considerably enhance Tilley's existing product line of value-added ingredients for applications in regulated markets. Phoenix offers worldwide market experience, regulatory support, and just-in-time inventory supported by a global network of sales offices and warehouses as specialists in flavour and fragrance compounds.

Jean-Paul Benveniste, the new organisation’s President and CEO, stated that the merger of Tilley and Phoenix brings together two dynamic and skilled teams; both corporations share complementary core values and clear strategy and are fully committed to upholding levels of quality, safety, and customer service.

The Tilley-Phoenix Group, led by current management, is one of North America's largest and most diverse distributors of flavour, fragrance, and food ingredients, boosting the value offered to suppliers and clients.

Phoenix remains committed to sourcing and supplying a high-quality range of natural flavours, and fragrance compounds as demand for sustainable and natural ingredients grow. Tilley's footprint in sustainable ingredients has grown with the inclusion of Phoenix, resulting in a maximum range of bio-based products made from plant-based natural resources.

In the future, Tilley-Phoenix Group intends to pursue selective M&A, with a concentration on niche goods marketed in regulated markets. Randy Dearth, Senior Director at SK Capital, stated that they continue to develop the value-added platform, pursuing focused opportunities to increase the value, quality, and breadth of solutions they deliver to both clients and suppliers. Tilley Company's legal counsel was Kirkland & Ellis LLP, while Madison Capital Funding LLC led the committed debt financing.

Tilley is a value-added speciality ingredients distributor based in Baltimore, Maryland, established in 1952. To efficiently collaborate with and service wider client networks, the company strives to function as a direct extension of its suppliers' selling networks. Tilley maintains modern, efficient distribution facilities and an extensive fleet of transportation equipment to serve its clients' just-in-time manufacturing demands.

The company has two North American operations and provides a wide range of value-added services, such as regulatory and technical assistance, a full-service QA/QC laboratory, customised formulation, specialised blending and packaging, and speciality storage. Tilley has built a work environment on open communication, product safety, and exceptional customer service. The OmniChem Alliance, the National Association of Chemical Distributors, and the Food Ingredient Distributors Association are all members of Tilley.

Phoenix Aromas & Essential Oils, situated in Norwood, New Jersey, is a value-added flavour and fragrance components distributor that provides product, regulatory, and supply chain solutions to customers in the food and beverage, personal care, pharmaceutical, air care, and fragrance industries.

Aroma chemicals, essential oils, natural aroma chemicals, absolutes, and oleoresins are among the flavour and fragrance compounds offered by the company. Phoenix has an industry-leading regulatory staff that works out of state-of-the-art QA/QC labs worldwide. Phoenix is committed to partnering with flavour and fragrance ingredient suppliers and manufacturers who follow sustainable and ethical manufacturing and sourcing.