LOS ANGELES, May 3, 2022 — An affiliate of Carmelina Capital, LLC (“Carmelina”), a private investment firm that partners with owner-operators, has completed the sale of Florachem Holdings, LLC (“Florachem” or the “Company”) to funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, specialty chemicals, and pharmaceuticals sectors.
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.
Florachem, led by President and CEO, Jon Leonard, is headquartered in Jacksonville, Florida where it has world-class citrus and pine manufacturing and research and development capabilities. Additionally, the Company is in the process of completing the construction of a new state of the art, food-grade manufacturing facility that will expand Florachem’s capacity, add new capabilities, and support the Company’s strategic expansion of its natural citrus ingredient product line.
Massumi + Consoli LLP acted as legal counsel to Carmelina.
About Carmelina Capital Partners
Carmelina Capital Partners is a Los Angeles-based private investment firm that partners with exceptional founder-led and family-owned businesses. Carmelina has extensive experience partnering with owner-operators across a broad range of industries to facilitate shareholder liquidity, support rapid growth, and drive accelerated value creation. For more information, please visit www.carmelina.com
