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Phillips Syrups & Sauces

LOCATION: Westlake, OH

INDUSTRY: Consumer Food Products

In 2021, Kaulig Capital sold Phillips Syrups & Sauces, a Westlake-based manufacturer of gourmet syrups and unique sauces for coffee and ice cream shops, to Lyons Magnus.

Since 1921, Phillips Syrups & Sauces has worked closely with customer partners in developing innovative and fresh flavor profiles. The Company has food scientists with over 40 years of hands-on experience in the food manufacturing and restaurant industries.

In addition to product development, Phillips is experienced in manufacturing to scale up production while maintaining cost, quality, and delivery goals.

“2021 marks Phillips’ 100th anniversary, and Lyons Magnus is the right partner to preserve and build Phillips’ legacy for the next 100 years,” said Dominic Brault, managing director at Kaulig Capital.

Kaulig Capital first announced its acquisition of Phillips last August when the firm bought a controlling stake in the company in partnership with management.