Florachem Sold to Tradebe by SK Capital
Deal News | Apr 09, 2025 | SK Capital
SK Capital Partners, a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, has announced the sale of Florachem Corporation to Tradebe. Florachem specializes in high-value natural ingredients and will now join Tradebe’s Life Sciences business line. The acquisition is set to enhance Florachem’s capabilities, expand its market reach, and reinforce its sustainability and innovation goals. Since SK Capital's acquisition in April 2022, Florachem has seen significant growth, with investments in leadership and the construction of a new manufacturing facility. The transaction was supported by Alantra, LLC as the financial advisor and Goodwin Procter LLP as legal counsel for SK Capital and Florachem, while Clotilde Ltd and Robinson & Cole LLP advised Tradebe.
Sectors
- Private Equity
- Specialty Chemicals
- Life Sciences
Geography
- United States – Florachem is based in Jacksonville, Florida, and was acquired by a US-based investment firm, SK Capital.
- Spain – Tradebe, the acquirer, is a global company with a presence in Spain, indicating the international dimensions of this transaction.
Industry
- Private Equity – SK Capital is a private equity firm involved in the transaction, indicating the importance of private equity in improving investment and operational capabilities in portfolio companies.
- Specialty Chemicals – Florachem specializes in naturally derived ingredients used in various markets, showcasing this industry’s value.
- Life Sciences – Tradebe's acquisition focuses on expanding its Life Sciences business line, demonstrating the sector's ongoing consolidation and expansion activities.
Financials
- Not disclosed – The financial terms of the sale of Florachem from SK Capital to Tradebe were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Florachem Corporation | Target Company | Company | A manufacturer and supplier of naturally derived ingredients headquartered in Jacksonville, FL. |
| SK Capital Partners | Selling Company | Company | Private investment firm focusing on specialty materials, ingredients, and life sciences sectors. |
| Tradebe | Bidding/Buyer Company | Company | A global business group dedicated to sustainability, acquiring Florachem to enhance its Life Sciences business line. |
| Alantra, LLC | Financial Advisor | Company | Provided financial advisory services to SK Capital and Florachem. |
| Goodwin Procter LLP | Legal Advisor | Company | Served as legal counsel to SK Capital and Florachem. |
| Clotilde Ltd | Financial Advisor | Company | Provided financial advisory services to Tradebe. |
| Robinson & Cole LLP | Legal Advisor | Company | Served as legal counsel to Tradebe. |