CORE Industrial Partners Acquires J&K Ingredients

SK Capital Acquires J&K Ingredients from CORE Industrial Partners

October 11, 2023

Food & Beverage

Funds advised by SK Capital Partners have acquired J&K Ingredients from CORE Industrial Partners. The acquisition, completed November 20, 2023, positions SK Capital to build a clean-label food & beverage ingredients platform around J&K's specialty preservative and bakery ingredient capabilities; debt financing was provided by KeyBanc Capital Markets, Kayne Anderson Private Credit, and Benefit Street Partners.

CoreFX Ingredients Acquires Connoils LLC

May 29, 2024

Food & Beverage

CoreFX Ingredients has acquired Wisconsin-based Connoils LLC, a maker of oil powders and specialty oil distribution, for an undisclosed sum. Connoils will operate under CoreFX’s business unit and partner with an oil distributor to manage bulk oils, complementing CoreFX’s powder-delivery and encapsulation capabilities to expand its Health through Nutrition platform.

KKR Acquires Industrial Physics from Union Park Capital

July 19, 2023

Manufacturing

Investment funds managed by KKR agreed to acquire Industrial Physics from Union Park Capital. Industrial Physics is a global manufacturer of testing, inspection and measurement instruments serving food & beverage, packaging, medical and other industrial markets; KKR plans to support growth organically and via add-on acquisitions and implement an employee ownership program. Financial terms were not disclosed.

TorQuest Partners Invests in Joriki Inc.

October 3, 2019

Food & Beverage

TorQuest Partners has made a platform investment in Joriki Inc., a Canadian contract manufacturer of beverages and select food products, to support the company's next phase of growth. Terms were not disclosed; Joriki operates three Canadian manufacturing facilities (Scarborough and Pickering, Ontario; Delta, British Columbia) with more than 200 employees and capabilities including hot-fill, cold-fill and aseptic PET/carton lines.

Keystone Capital Partners with Penta Fine Ingredients; Mike Size Named CEO

May 7, 2025

Manufacturing

Keystone Capital Management has announced an investment partnership with Penta Fine Ingredients, a specialty chemicals and ingredient distributor/manufacturer headquartered in West Caldwell, New Jersey. As part of the transaction Keystone welcomes industry veteran Mike Size as Penta's CEO and intends to support Penta's growth and pursue add-on acquisition opportunities.

Keystone Natural Holdings Acquires J.P. Veggies (VeggieLand) and Superior Tofu

January 29, 2018

Food & Beverage

Keystone Natural Holdings LLC, a portfolio company of Keystone Capital Inc., completed acquisitions of J.P. Veggies Inc. (Veggieland) and Superior Tofu Ltd., adding the two plant‑based protein manufacturers to its KNH platform alongside Nature Soy. The deals expand KNH’s product portfolio, channel reach into retail, foodservice and private label, and strengthen product innovation capabilities across the platform.