Issue Date: January 16, 2012
Vantage Specialty Chemicals Is Sold
The Miami-based private equity firm H.I.G. Capital has sold oleochemicals maker Vantage Specialty Chemicals for an undisclosed sum. The buyer is Jordan Co., another private equity firm, based in New York City. H.I.G. formed Vantage in 2008 when it bought Croda’s U.S. oleochemicals business. Vantage then acquired oleochemicals derivative maker Lambent Technologies and personal care ingredient supplier Lipo Chemicals. Vantage now has annual revenues of more than $500 million.
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