WALDO, MAINE — Tilley Company, Inc., a specialty chemical and lubricant distributor based in Baltimore, announced Sept. 2 it has acquired Ingredients Solutions Incorporated. The acquisition adds specialty chemicals, ingredients and a full line of hydrocolloid products for animal nutrition, food and beverage and other markets to Tilley’s portfolio.
Ingredients Solutions was founded in 1992 and is focused on blending and distributing specialty hydrocolloid ingredients, which are derived from renewable plant and algae sources. The company offers value-added ingredients to several markets, including pet food, meat and poultry, dairy, plant-based food and beverage, condiment, bakery and pharmaceutical manufacturers.
“Tilley Company is extremely pleased to welcome ISI’s Waldo, Maine R&D laboratory and hydrocolloid specialists into the Tilley family,” said Sean Tilley, president and chief executive officer of Tilley Company. “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.”
Tilley Company stated the acquisition, which is the company’s first-ever acquisition, will turn the combined companies into a full-service solutions provider for hydrocolloids in North America. The move shortly follows Tilley Company’s partnership with its now parent company SK Capital Partners in 2020.
Ingredients Solutions also offers organic, natural and Non-GMO Project Verified options within its portfolio of hydrocolloid products. Combined with Tilley Company, it will continue serving manufacturers looking to incorporate sustainably and ethically sourced hydrocolloids.
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