CORE Industrial Partners Completes the Sale of J&K Ingredients

CORE Industrial Partners, a private equity firm focused on manufacturing and industrial services, has announced the completion of the sale of J&K Ingredients. The specialty clean label food and beverage ingredients manufacturer has been sold to SK Capital, a private investment firm specializing in specialty materials, ingredients, and life sciences. The move marks an exciting new chapter for J&K Ingredients and highlights the ongoing growth and innovation in the clean label preservative category.

Under the ownership of CORE Industrial Partners, J&K Ingredients has achieved significant milestones and made substantial progress in recent years. The company has become a leading provider of natural, organic, and clean label baked goods ingredients. With over a century of experience, J&K Ingredients has established itself as a pioneer in the industry, developing the first natural mold inhibitor for the baked goods sector. Today, the company offers a comprehensive range of over 400 products across 13 categories, serving a diverse customer base consisting of major food and beverage manufacturers as well as regional and local businesses.

The acquisition by SK Capital presents new opportunities for J&K Ingredients to further expand its presence in the market. With SK Capital's expertise and resources, the company is poised to continue its strategic growth plan, driving excellence and innovation in the clean label preservative category. The joint effort between CORE Industrial Partners and J&K Ingredients has laid a strong foundation for future success.

Commenting on the completion of the sale, John May, Managing Partner of CORE, expressed his pride in the accomplishments of the J&K and CORE teams. He emphasized his belief that J&K Ingredients will continue to serve the food and beverage industry with excellence and innovation. May also conveyed his confidence in the company's ability to execute its strategic growth plan, wishing the J&K team the best for the future.

The transaction was facilitated by Harris Williams, which served as the exclusive financial advisor to CORE and J&K Ingredients. Their expertise and guidance ensured a smooth and successful sale process.

CORE Industrial Partners, with offices in Chicago, Austin, and Cleveland, is a private equity firm with a focus on North American lower middle-market manufacturing, industrial technology, and industrial services businesses. The firm has over $700 million of capital commitments and a team comprised of highly experienced former CEOs and investment professionals. CORE's mission is to partner with management teams, providing capital, insight, and operational expertise to build market-leading businesses. For more information about CORE Industrial Partners, please visit their website at www.coreipfund.com.

J&K Ingredients, founded in 1899, has a rich history of providing natural, organic, and clean label baked goods ingredients. The company, headquartered in Paterson, New Jersey, has become a trusted partner for enterprise-level food and beverage manufacturers, as well as regional manufacturers, wholesalers, distributors, and local businesses. J&K Ingredients offers a wide range of products, including its signature lines such as Bred-Mate™, Rice-Mate™, and SOR-Mate™, which serves as a natural replacement for sorbic acid and potassium sorbate. With FDA, Halal, Kosher, FSSC 22000, and organic certifications, J&K Ingredients operates three facilities in Paterson. To learn more about J&K Ingredients, please visit their website at www.jkingredients.com.

In conclusion, the sale of J&K Ingredients to SK Capital signifies a new era for the company, driven by the expertise and resources of its new owners. With a focus on clean label food and beverage ingredients, J&K Ingredients is well-positioned to continue its growth and innovation in the industry. The collaboration between CORE Industrial Partners and J&K Ingredients has set the stage for future success and enhanced value for both the company and its customers.