Tilley-Phoenix Group Completes Acquisition of Callahan Chemical Company

Tilley-Phoenix Group, a leading specialty raw material distributor and value-added service provider in the United States and a portfolio company of SK Capital Partners ("SK Capital"), announced on January 4 the acquisition of Callahan Chemical Company ("Callahan"), a company that is a regional distributor of quality raw materials and compounds serving a variety of end markets including food and beverage, personal care and cosmetics, pharmaceutical and nutritional, HI&I (home institutional and industrial) and CASE (coatings, adhesives, sealants and elastomers)
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The acquisition of Callahan is in line with the company's vision to create a professional, world-class supplier of high-quality raw materials with strong value-added services
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"We are very pleased to have completed the acquisition of Callahan Chemical Company, which represents a highly complementary business and shares our values ​​and vision
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We are very pleased to complete the acquisition of Callahan Chemical, which represents a highly Complementary businesses with shared values ​​and vision, a specialist distributor with a strong foundation of value-added services
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"

"We look forward to working with the Callahan team to increase the value we bring to existing and new customers," said Jean-Paul Benveniste, President and CEO of Tilley-Phoenix
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Callahan is a leading regional distributor providing optimized chemical distribution solutions tailored to individual customer requirements
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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
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Callahan distributes a broad portfolio of products sold to regulated markets that complement the existing Tilley-Phoenix platform, while also expanding the company's product offering and market focus by offering a full line of CASE products
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"Callahan Chemical has been delivering outstanding value to its customers, suppliers and employees since it was founded by my father, James B.
Callahan, in 1958.

We believe that joining the Tilley-Phoenix Group will greatly increase our opportunities to add value-added services
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" said John Callahan, CEO of Callahan Chemical Company
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Joining Tilley-Phoenix, Callahan will provide clients with state-of-the-art regulatory and technical support, broader logistics expertise, and additional value-added ingredient products for regulated market applications
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Sean Tilley, President and Chief Supply Chain Operations Officer, said: "Callahan, like Tilley-Phoenix, brings a strong value-add to its suppliers and customers
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This acquisition enhances the geographic reach of the platform, which is a great addition to our shared It is particularly attractive to the supplier base
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”

Going forward, Tilley-Phoenix plans to continue to pursue selective mergers and acquisitions, primarily focused on specialty products sold to regulated markets
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The company will continue to focus on expanding the value-added platform and pursuing targeted opportunities to enhance the value, quality and breadth of the solutions we provide to our customers and suppliers
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Callahan is Tilley-Phoenix's third acquisition in 2021
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