Tilley Acquires Ingredients Solutions Inc. to Lead Distribution of Hydrocolloids
Tilley Company has acquired Ingredients Solutions Inc., a Maine-based distributor and blender of hydrocolloids, in a deal that significantly enhances the company’s portfolio of value-add specialties and ingredients.
The deal, which closed Wednesday, Sept 1, makes Baltimore-based Tilley the largest North American independent distributor of hydrocolloids — molecules that are used as functional ingredients in food and beverage formulation.
The acquisition is the first in company history for Tilley and comes on the heels of a partnership created in January with SK Capital Partners, a private equity firm that specializes in the chemical industry. Tilley employs more than 100 people across its two facilities in Maryland. It will retain Ingredients Solutions’ research and development laboratory in Waldo, Maine, as well as its employees as part of the deal.
“Tilley Company is extremely pleased to welcome the hydrocolloid specialists at ISI and the Waldo, Maine R&D laboratory into the Tilley family. Ingredients Solutions brings a leading hydrocolloid offering and best-in-class product application know-how to meet the precise needs of food, beverage, and personal care customers,” said Sean Tilley, president and chief executive officer of Tilley Company.
For the past three decades, Ingredients Solutions has established itself as a leading distributor of a full range of products derived from renewable plants and algae. The company’s strong technical and R&D resources have allowed it to become a high-quality provider of a number of sustainable products. Applications of the company’s current customers include dairy, meat and poultry, plant-based food and beverages, sauces and dressings, bakery, pet food and pharmaceuticals.
Tilley has also built a reputation as a premier ingredient supplier in the food and beverage space. The company offers food, bakery and specialty ingredients for its customers, sourcing hard-to-find ingredients and bolstering supply chains in the process. Learn more about the ingredients Tilley can offer.
If you need to strengthen your business’ supply chain, contact a Tilley customer solutions representative by calling 1-800-638-6968 or emailing firstname.lastname@example.org.