November 29, 2018 – CIM Partners has advised Vantage Specialty Chemicals Holdings, Inc., a portfolio company of H.I.G. Capital, on its announced acquisition of LEUNA-Tenside Gmbh (“LTG”). The acquisition of LTG is a transformational transaction for Vantage that provides it with a strategic manufacturing footprint in Europe.
The terms of the transaction were not disclosed. The transaction is subject to regulatory approval and is expected to close by year-end 2018.
Located in Leuna, Germany, LTG is focused on small volume, niche products supported by flexible manufacturing capabilities. LTG’s product portfolio includes anionic surfactants, nonionic surfactants and emulsifiers that are based on naturally derived ingredients. LTG’s products are used in a diversified range of end markets including personal care, soaps and detergents, industrial cleaning, lubricants, and paints and coatings.
About Vantage Specialty Chemicals
Vantage is a leading producer of naturally derived, specialty ingredients focused on Personal Care, Food, Consumer Care and Industrial end markets with a portfolio of over 2,000 products. Headquartered in Chicago, IL, Vantage operates a global manufacturing and supply chain across 6 manufacturing facilities, 13 formulation laboratories and 19 distribution warehouses located in 14 countries across the United States, Latin America, South Africa, Europe, and Asia.
For more information, visit www.vantagespecialties.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $30 billion of equity capital under management.
For more information, visit www.higcapital.com.