CORE acquires J&K Ingredients
CHICAGO -- CORE Industrial Partners LLC, a Chicago-based private equity firm, announced it has acquired J&K Ingredients Corp., a manufacturer of baked goods ingredients with an emphasis on natural, organic and clean label products.
Founded in 1899, J&K Ingredients in Paterson, New Jersey, developed the bakery industry's first natural mold inhibitor more than four decades ago. Natural mold inhibitors enhance taste, texture, aroma, consistency and shelf life while providing a clean label alternative to artificial chemical preservatives, the company said.
The Company's signature product lines include Bred-Mate, Rice-Mate and more recently, SOR-Mate, the first fruit-based natural replacement for sorbic acid and potassium sorbate.
"As a fourth-generation owner of a family business proudly tracing its founding back to the 19th century, I was looking for the perfect partner that could provide the resources and support to execute substantial growth opportunities while respecting our unique history, culture and values," said Jim Sausville, president of J&K Ingredients.