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Stellus Provides Financing in Support of SK Capital’s Acquisition of Florachem.
May 10, 2022SHARE
Houston – TX, May 10, 2022 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of SK Capital’s (“SK Capital”) acquisition of Florachem Holdings, LLC (“Florachem” or the “Company”).
Florachem is a leading manufacturer and supplier of natural plant-based ingredients, including citrus, pine, and specialty rosin resins. The Company’s high quality natural products help their global customer base improve product performance with sustainable, clean-label ingredients. Florachem partners with industry-leading customers across diverse end markets, including flavor and fragrance, personal care, industrial, and coatings and adhesives.
“We are pleased to partner with the Stellus team on this exciting opportunity and look forward to their continued support as Florachem grows. The Stellus team was thoughtful and constructive throughout the entire financing process,” said Jon Borell, Managing Director at SK Capital.
“We are excited and appreciative of the opportunity to invest again with SK Capital,” commented Adam Pollock, Managing Director at Stellus, adding, “Florachem represents a unique opportunity in the flavor & fragrance space, an industry segment in which SK Capital has long-standing success. We believe that Florachem is primed for growth given recent strategic facility investments, a well-respected management team, significant customer wins, and now, the breadth of SK Capital resources.”
For inquiries related to this Press Release, please contact:
Adam Pollock
(713) 292-5407
apollock@stelluscapital.com
