The Jordan Company Acquires Vantage Specialty Chemicals
New York, NY - The Resolute Fund II, L.P., an affiliate of The Jordan Company, recently announced that it has acquired Vantage Specialty Chemicals ("Vantage" or the "Company") from H.I.G. Capital. Financial terms of the transaction were not disclosed.
Headquartered in Chicago, Illinois, Vantage is a diversified specialty chemicals producer focused on naturally derived ingredients. The Company supplies more than 1,500 products to a diverse and growing global customer base within the personal care, consumer products, food and industrial end markets. Vantage's leading market position is a result of its industry-leading formulation capabilities, efficient and flexible manufacturing facilities, technical support and customer service, broad product offering, global reach and seasoned management team.
"Vantage has a proven track record of providing the high-quality specialty chemical solutions that its customers demand. In turn, that customer satisfaction is reflected in the Company's growing, global base of customers," said Jonathan F. Boucher, Managing Principal, The Jordan Company. "The management team has transformed Vantage from a portfolio of individual companies into a leading, vertically integrated specialty chemicals business with a cohesive market strategy. We look forward to partnering with the Vantage leadership team to continue building this premium brand, both internally and through acquisition, within the global specialty chemicals industry."
"We are excited to announce our partnership with The Jordan Company. The Vantage team is highly confident that The Jordan Company's vision for our business and significant resources will help us to capitalize on the tremendous growth opportunities in the oleochemicals and specialty derivatives industries," said Julian Steinberg, Chief Executive Officer of Vantage. "We look forward to working closely with them to achieve our strategic plan and continue to provide our customers with the service and high-quality products to which they are accustomed."
Mayer Brown LLP acted as legal advisor to The Jordan Company. Edgeview Partners, L.P. and HSBC Securities (USA) acted as financial advisors to Vantage and McDermott Will & Emery LLP acted as its legal advisor.
SOURCE: The Jordan Company