H.I.G.-backed Vantage Specialty to buy LEUNA-Tenside
Summary
LEUNA-Tenside, of Leuna, Germany, makes surfactants used in various end markets including personal care, soaps and detergents, industrial cleaning, lubricants, and paints and coatings.Capital, LLC (“H.I.G.”), a leading global private equity investment firm with $30 billion of equity capital under management, is pleased to announce that its portfolio company, Vantage Specialty Chemicals Holdings, Inc. (“Vantage” or the “Company”), a leading, vertically-integrated provider of naturally derived ingredients, has signed a definitive agreement to acquire LEUNA-Tenside GmbH (“LTG”).Located in Leuna, Germany, the company is focused on small volume, niche products supported by flexible manufacturing capabilities.Surfactants are vital ingredients utilized in the manufacturing of a wide range of products for daily use across personal care, consumer goods, as well as industrial applications.H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.