Vantage Specialty Chemicals

Last updated
Vantage Specialty Chemicals, Inc.
Company type Private
Industry
Founded2008;18 years ago (2008)
Headquarters
Chicago, Illinois
,
United States
Key people
  • Stephen Doktycz (CEO)
Parent
Website www.vantagegrp.com

Vantage Specialty Chemicals, Inc. is an American speciality chemicals company headquartered in Chicago, Illinois. Vantage operates through four business units: Personal Care, Performance Materials, Oleochemicals, and Foods. [1]

Its Personal Care unit provides chemical ingredients for hair, skin, sun care and other cosmetic products. [2] [3] Vantage Performance Materials produces chemicals with applications in oil and gas, food production, lubricants, precision cleaning and other industry specialties. [4] Vantage is one of the largest oleochemical producers in the United States. [5]

Vantage was formed in 2008 when private equity (PE) firm H.I.G. Capital acquired Uniqema's operations in the United States from Croda International. [6] Uniqema was a global oleochemical manufacturer which was acquired by Croda from Imperial Chemical Industries (ICI) in 2006. [7] Under H.I.G.'s ownership, Vantage expanded through a series of acquisitions, including Lambent Technologies in 2008 (which became Vantage's Performance Materials unit) and Lipo Chemicals in 2010 (which became the Personal Care unit). [6] [8] H.I.G. then sold Vantage to mid-market PE firm The Jordan Company in 2012. [6] [8]

In 2016, Vantage acquired baking products maker Mallet & Co., which became the company's Foods unit. [9]

H.I.G. re-acquired majority ownership in Vantage in 2017 via a leveraged buy-out, with Jordan retaining a minority stake. [10] [11] [12] This transaction closed on October 26, 2017. [13]

References

  1. ↑ "Our Business Units". Vantage Specialty Chemicals, Inc. Retrieved 2017-09-29.
  2. ↑ "Product Search". Vantage Specialty Chemicals, Inc. Archived from the original on January 20, 2013. Retrieved 2017-09-29.
  3. ↑ Bird, Katie (2010-07-09). "Lipo Chemicals merges with Vantage to drive personal care growth". CosmeticsDesign.com. William Reed Business Media Ltd. Retrieved 2017-09-29.
  4. ↑ "Business Units". Vantage Specialty Chemicals, Inc. Retrieved 2017-09-29.
  5. ↑ "Infiniti Research Identifies Potential Market Opportunities for Oleochemicals in the United States". Infiniti Research. 2017-06-21. Retrieved 2017-09-29.
  6. 1 2 3 Porter, Kiel; Monks, Matthew (2017-03-09). "Jordan Said to Mull $1.5 Billion Sale of Chemicals Maker Vantage". Bloomberg Markets . Retrieved 2017-09-29.
  7. ↑ "Croda Announces the Acquisition of Uniqema from ICI". Croda International. 2006-07-03. Retrieved 2017-09-29.
  8. 1 2 "H.I.G. Capital Completes Sale of Vantage Specialty Chemicals". H.I.G. Capital. 2012-01-05. Retrieved 2017-09-29.
  9. ↑ Gough, Paul J. (2016-08-08). "Carnegie baking-products company acquired". Pittsburgh Business Times . Retrieved 2017-09-29.
  10. ↑ Larsen, Keith (2017-09-25). "HIG Capital signs agreement to acquire chemical company". South Florida Business Journal. American City Business Journals . Retrieved 2017-09-29.
  11. ↑ "H.I.G. Capital Signs Definitive Agreement to Acquire Vantage Specialty Chemicals". H.I.G. Capital. 2017-09-20. Retrieved 2017-09-29.
  12. ↑ Berlin, Andrew (2017-09-26). "LPC: Banks provide $710 million of loans for Vantage Specialty LBO". Reuters . Retrieved 2017-09-29.
  13. ↑ "Houlihan Lokey Advises Vantage Specialty Chemicals Holdings". Houlihan Lokey. Retrieved 2026-01-05.{{cite web}}: CS1 maint: url-status (link)
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