Stellus Capital Management, a provider of middle-market direct lending, acted as administrative agent and provided senior debt financing and an equity co-investment in support of SK Capital’s acquisition of Florachem Holdings.

Florachem is a manufacturer and supplier of natural plant-based ingredients, including citrus, pine and specialty rosin resins. The company’s natural products help its global customer base improve product performance with sustainable, clean-label ingredients. Florachem partners with customers across diverse end markets, including flavor and fragrance, personal care, industrial and coatings and adhesives.

“We are pleased to partner with the Stellus team on this exciting opportunity and look forward to their continued support as Florachem grows. The Stellus team was thoughtful and constructive throughout the entire financing process,” Jon Borell, managing director at SK Capital, said.

“We are excited and appreciative of the opportunity to invest again with SK Capital,” Adam Pollock, managing director at Stellus, said. “Florachem represents a unique opportunity in the flavor and fragrance space, an industry segment in which SK Capital has long-standing success. We believe that Florachem is primed for growth given recent strategic facility investments, a well-respected management team, significant customer wins, and now, the breadth of SK Capital resources.”