Flavor Producers Inc (“FPI” or the “company”), announced that the company has been recapitalized through a strategic, majority investment by Ceba-Tech Specialty Solutions (“Ceba-Tech”), St. Louis, a partnership between Chicago private equity firm, GTCR and industry executive Charles A. Nicolais. Flavor Producers will remain independent and continue to serve its customers with the highest level of flavor technology and customer service from its three facilities and R&D groups in Valencia, Calif.; Cincinnati and Linden, N.J.
Jeff Harris, CEO of FPI, said, “I am thrilled to be part of the next chapter of Flavor Producers by partnering with Charles Nicolais and GTCR. I believe their industry experience and resources can add significant value as we continue to grow organically and through strategic acquisitions of proprietary capabilities and businesses.”