Private equity firm, GTCR announced its investment in Flavor Producers, Inc. (FPI) through its portfolio company Ceba-Tech Specialty Solutions.
FPI provides flavors and extracts to the food and beverage industries, focusing on organic and natural products. The company also delivers formulations across a range of end-product applications to more than 500 international customers.
GTCR partnered with Charles Nicolais—who has a background in specialty ingredients to the food and beverage industries—to create Ceba-Tech and expand the specialty chemicals, materials and ingredients industry.
“I am thrilled to partner with Charles Nicolais and GTCR,” said Jeff Harris, CEO of FPI. “I believe their industry experience and resources can add significant value as we seek to grow organically and through strategic acquisitions of proprietary capabilities and businesses.”