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SK Capital makes controlling investment in Baltimore’s Tilley Chemical Co.

Tilley Chemical Company Inc., a Baltimore-based regional distributor and value-added service provider of specialty chemicals and lubricants, Thursday announced funds advised by SK Capital Partners L.P. have made a controlling investment in the company.

SK Capital’s investment will serve as the basis for a new strategic partnership with the Tilley family, who will continue to retain a significant ownership stake and involvement in the Company.

Privately held since being founded by the Tilley family in 1952, Tilley is a leading specialty chemical and lubricant distributor with value-added capabilities including storage, blending, packaging and regulatory and technical support.

The company serves customers across a diverse set of regulated markets within the mid-Atlantic region, including food and beverage, flavor and fragrance, household, industrial and institutional and life sciences. Additionally, Tilley’s lubricant division provides a comprehensive line of automotive and industrial lubricants and functional products for road transport, aviation and general industrial markets. Tilley operates two facilities in North America and employs approximately 100 people.

As a truly value-added distributor, Tilley acts as an extension of its suppliers’ direct selling force. Tilley specializes in serving highly regulated industries and offers technical and regulatory support on behalf of both suppliers and customers. The Company’s quality control program is supported by quality assurance and on-site testing. Furthermore, the Company has made significant investments in warehousing and infrastructure to enhance the value it brings to customers through flexibility and timeliness of service. In addition to its logistical infrastructure, Tilley retains the ability to blend dry and liquid products, provide full-service packaging and repackaging and offer an extensive array of on-site storage capabilities to support just-in-time deliveries to its customers.

Klehr Harrison Harvey Branzburg LLP acted as legal counsel to SK Capital and committed debt financing was provided by Madison Capital.

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