Tilley Company has acquired Ingredients Solutions, further expanding its current product portfolio of specialty chemicals and lubricants. This is the first acquisition of the Baltimore-based company, after forging a partnership with SK Capital in 2020.
This new business will bring in a range of products created from renewable plants and algae, including its full line of hydrocolloid products for the food and beverage industry. The latter offerings are available in organic-allowed, natural and Non-GMO Project Verified versions that would cater to a consumer’s needs.
Ingredients Solutions boasts of strong technical and R&D resources that allow them to roll out value-added ingredients. These are typically applied in sauces and dressings, meat and poultry, dairy and plant-based food and beverages, to name a few.
“Tilley Company is extremely pleased to welcome ISI’s Waldo, Maine R&D laboratory and hydrocolloid specialists 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. Furthermore, this acquisition fits our strategic M&A plan by enhancing Tilley’s food and beverage ingredient product solutions, while also expanding geographic access,” said Sean Tilley, President and CEO of Tilley.
This acquisition will make the combined venture into a full-service solution provider and one of the largest independent distributors of hydrocolloids in North America. It is committed to deliver high-quality items that cater to the growing needs in the sustainable products sector. They will also ensure that the manufacturing and sourcing of hydrocolloids is sustainable and ethical.