Tilley-Phoenix Group | January 07, 2022
Tilley-Phoenix Group a leading U.S. based specialty ingredients distributor and value-added service provider, and portfolio company of SK Capital Partners announced the acquisition of Callahan Chemical Company a regional distributor of high-quality ingredients and compounds serving a diverse set of end markets including, food and beverage, personal care and cosmetics, pharmaceuticals and nutraceuticals, HI&I and CASE. The acquisition of Callahan aligns with the Company’s vision in creating a specialized, world-class supplier of high-quality ingredients supported by a robust value-added service offering.
“We are extremely pleased to complete the acquisition of Callahan Chemical, believing it represents a highly complementary business with shared values and vision as a specialty-focused distributor supported by a strong value-added service foundation. We look forward to partnering with the Callahan team as we enhance the value we bring to existing and new customers,”
Jean-Paul Benveniste, President and CEO of Tilley-Phoenix
Callahan is a leading regional distributor offering optimized chemical distribution solutions aligned to individual customer requirements. Callahan’s mission is supported by a comprehensive portfolio of value-added services, including regulatory and technical support, custom formulation, in-house laboratory quality assurance and quality control, blending, storage and packaging, and repackaging. Callahan distributes a broad portfolio of products sold into regulated markets, which complement the existing Tilley-Phoenix platform while also expanding the Company’s product offering and market focus with a full-line offering of CASE products. “Since its founding in 1958 by my father James B. Callahan, Callahan Chemical has consistently provided outstanding value to its customers, suppliers, and employees. We are confident that by joining the Tilley-Phoenix Group the opportunity to increase our value-added services will be greatly enhanced,” said John Callahan, CEO of Callahan Chemical.
The addition of Callahan to Tilley-Phoenix provides customers with state-of-the-art regulatory and technical support, broader logistics expertise, and an enhanced product offering of value-added ingredients for applications in regulated markets.
“Callahan, like Tilley-Phoenix, brings a strong value-added approach to serving its suppliers and customers. The acquisition enhances the platform’s geographic reach, which is particularly compelling for our shared supplier base,” said Sean Tilley, President and COO of Distribution.
Looking forward, Tilley-Phoenix plans to continue its pursuit of selective M&A, focused largely on specialty products sold into regulated markets. The Company continues to focus on expanding the value-added platform, seeking targeted opportunities to enhance the value, quality, and breadth of solutions we bring to both customers and suppliers. Callahan represents the third acquisition of 2021 for Tilley-Phoenix.
Klehr Harrison LLP acted as legal counsel to Tilley-Phoenix and committed debt financing was led by Madison Capital Funding LLC.
About Tilley-Phoenix Group
Formed through the merger of Tilley Co. and Phoenix Aromas and Essential Oils, Tilley-Phoenix is a value-added specialty ingredients distributor serving food and beverage, fragrance, personal care and cosmetics, HI&I and pharmaceutical markets. The Company seeks to act as a direct extension of their suppliers’ selling networks to effectively partner and service broader customer networks. Tilley-Phoenix operates modern, efficient global distribution facilities to serve its customers’ just-in-time production needs. The Company offers a comprehensive portfolio of value-added services, including regulatory & technical support, full-service QA/QC laboratory, custom formulation, custom blending & packaging, and specialty storage.
Ceresana | October 02, 2020
Why complicate things when you can make them simple? Colorants and flavors for beverages are often not directly mixed with water and prefabricated, ready-to-use syrup concentrates are used instead. In the production of plastics, too, so-called masterbatches – granules with a high concentration of colorants, other additives, or fillers – are preferred to powders, pastes, or liquid additives. Premixed concentrates with precisely defined properties facilitate processing and increase process reliability: color masterbatches contain pigments or dyes; additive masterbatches specifically modify other properties of plastics. A wide variety of additives can be combined, for example stabilizers, antioxidants, antistatics, or flame retardants. Ceresana is now publishing the second, completely revised edition of its market study on masterbatches: the global demand for plastic masterbatches is expected to rise to almost 4.5 million tonnes by 2027.
White Sun Protection and Bright Colors
The top-selling type of masterbatch is currently white masterbatches. Global demand for this type has increased by an average of 2.1% p.a. over the last eight years. The most important product is titanium dioxide (TiO2): the plastics industry uses these white pigments to color toys, electrical appliances, automotive parts, furniture, and plastic films on a large scale. Titanium dioxide also absorbs UV rays and thus protects against harmful solar radiation. Color masterbatches with e.g. colorful inorganic, organic, and effect pigments follow in second place. The color black is usually achieved by using carbon black. It is often used for conductive packaging, films, fibers, molds, pipes, and cables. Another well-known end product is waste bags. Carbon Black offers many advantages in plastic applications, especially for technical polymers: it is very resistant to color changes and fading - even under extreme outdoor conditions.
Packaging Manufacturers are Main Customers
The demand for masterbatches follows the global market for plastics: the most important end applications are packaging, construction materials, transportation, electrical products and electronics, as well as other industrial goods. Packaging constituted the largest sales market in 2019, accounting for 36% of total demand. The construction industry ranked second by a considerable margin, followed by the segments industry and transportation. The category packaging includes all masterbatches for flexible plastic packaging, such as films, bags, and sacks, and for rigid packaging, e.g. yogurt cups, cans, bottles, and lids.
The Study in Brief:
Chapter 1 provides an overview and analysis of the global market for plastic masterbatches – including forecasts up to 2027: the development of demand and revenues is examined for each region of the world. Demand is broken down into the different types of masterbatches: white, black, color, and additive masterbatches. The different application areas are also examined separately: packaging, construction industry, transportation, electrical goods and electronics, industry, and other applications.
Chapter 2 examines the 16 most important countries individually. The study presents demand per country, demand per type of masterbatch, as well as revenues. Demand is also analyzed according to the individual application areas.
Chapter 3 offers a useful list of the 52 most important producers of plastic masterbatches. It is clearly arranged according to contact data, revenues, profit, product portfolio, production facilities, and profile summary.
Further information: www.ceresana.com/en/market-studies/plastics/masterbatches/
As one of the world's leading market research institutes, Ceresana is specialized in the segments chemicals, plastics, packaging, and industrial goods. Companies have been benefiting from our high-quality industry analyses and forecasts since 2002. More than 180 market studies provide more than 10,000 customers around the world with the knowledge base for their sustainable success.
Find more information about Ceresana at www.ceresana.com
Peak Rock Capital | December 22, 2021
An affiliate of Peak Rock Capital ("Peak Rock"), a leading middle-market private investment firm, announced today that it has completed an acquisition of Xenon arc Inc. in partnership with the management team of the Company.
Xenon arc is a leading technology-enabled provider of managed services to food & beverage, industrial, and chemical producer clients. The Company manages its clients' long tails of thousands of SMB customers collectively through its service offering including technical sales, support, technology and distribution services. Headquartered in Bellevue, Washington, with operations across the United States, Europe and South America, the Company has built a strong reputation in the industry for exceptional service, technical capabilities and driving clients' revenue growth.
"Xenon arc represents a unique opportunity to invest in a technology-enabled services platform with a strong leadership position in managed services to materials producers. We are impressed with the Company's track record of growth and look forward to partnering with the Company to accelerate the execution of its business plan, which includes strategic growth investments that would expand Xenon arc's service capabilities, technology offerings and geographic coverage."
Steve Martinez, President and Managing Director of Peak Rock
Paul Warburg, President and CEO of Xenon arc, commented, "We are excited to partner with Peak Rock as we embark on our next phase of growth. Peak Rock has a deep understanding of our business, and a compelling track record of supporting companies and management teams in driving innovation and building leading platforms. We look forward to our partnership, which will position the Company to accelerate its rapid growth by expanding its service capabilities, geographic footprint, and empower Xenon arc to continue to invest in its technology and leading talent."
"This transaction exemplifies Peak Rock's commitment to invest in high growth technology-enabled services businesses. We continue to seek tech-enabled platforms that we believe can benefit from our ability to drive transformational growth through organic initiatives and strategic acquisitions," added Anthony DiSimone, Chief Executive Officer of Peak Rock.
ABOUT XENON ARC
Xenon arc is a leading technology-enabled services provider of technical sales, support, technology and distribution solutions to clients and their SMB customers across the food & beverage, industrial, and chemical industries. Xenon arc's direct-to-market solutions provide end-customers with direct contact with a customized extension of clients' sales, marketing, and technical capabilities. The Company was founded in 2010 and is headquartered in Bellevue, Washington. Xenon arc also serves South America and Europe through its teams in Brazil, Mexico and the Netherlands.
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock's equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock's real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies.
ReportLinker | December 30, 2021
Reportlinker.com announces the release of the report "Global Carbon Capture, Utilization and Storage Growth Opportunities"
In the short to medium term, CCUS will find wider application in hard-to-abate industries, such as coal-fired power plants, cement manufacturing, iron and steel, fertilizers, and chemical production by retrofitting existing plants. In order to have a larger impact on decarbonization strategies in the longer term, negative emission technologies, such as Bioenergy CCS and Direct Air CCS will begin to be deployed.CCUS hubs will play a significant role by integrating various industrial clusters within the ecosystem, thereby, reducing the cost and operational risk. At the same time, innovation will focus on cost reduction, technology optimization, modularization, and new business models.This study gives a comprehensive analysis of the global CCUS market till 2030, including forecasts for revenue, carbon capture capacity, regional splits, trends by industry, competitive analysis, and growth opportunity identification.
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