News Releases

H.I.G. Capital Signs Definitive Agreement to Acquire Vantage Specialty Chemicals

Date: Wednesday, September 20, 2017

H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with $23 billion of equity capital under management* is pleased to announce that one of its affiliates has signed a definitive agreement to acquire Vantage Specialty Chemicals Holdings, Inc. (“Vantage” or the “Company”) from an affiliate of the The Jordan Company, L.P. (“TJC”), which will coinvest into the new deal through a minority equity stake.

Richard McEvoy, Chief Executive Officer of Vantage commented, “We are thrilled to have financial sponsors that are both very familiar with our business and recognize the achievements and growth opportunities created over the last several years. We look forward to partnering with both H.I.G. and TJC in the next chapter for Vantage.”

“We are very excited to partner with the Vantage team for a second time,” added Keval Patel, Managing Director at H.I.G. “It has been rewarding to see the success the Company has enjoyed over the last six years and we believe there is immense opportunity ahead. The Company’s diverse product portfolio, customer base, and geographic presence uniquely position it to capitalize on growth opportunities within the global specialty ingredients market. We look forward to partnering with TJC and supporting Richard McEvoy and the entire Vantage team through its next stage of growth."

Vantage’s existing management team will continue to run the business going forward. The transaction is expected to close in October subject to customary closing conditions. Morgan Stanley, RBC Capital Markets and Jefferies are providing committed financing for the transaction. Deutsche Bank and Houlihan Lokey provided financial advice and Mayer Brown LLP provided legal advice to Vantage in the transaction. Ropes & Gray LLP provided legal advice to H.I.G.

Vantage will be the 15th chemicals acquisition for H.I.G. since 2008 and the sixth current platform investment.

HIG Capital Signs Definitive Agreement to Acquire Vantage Specialty.pdf

Vantage Acquires Mallet

Date: Wednesday, July 20, 2016

Vantage Specialty Chemicals, Inc. (“Vantage”), a leading provider of natural-based specialty ingredients focused on personal care, food, consumer, and industrial end markets, has signed a definitive agreement to acquire Mallet and Company, Inc. (“Mallet” or the “Company”). Vantage is currently owned by Vantage management and a private equity fund managed by The Jordan Company, L.P. Mallet is a portfolio company of ICV Partners, a private equity firm based in New York and Atlanta.

Headquartered outside of Pittsburgh, Pennsylvania, Mallet is the market-leading North American provider of baking release agents, offering innovative products and capabilities to the food industry with a focus on R&D, technical service, and custom formulation and packaging capabilities.  The Company provides high-quality, process-critical ingredients that increase ingredient quality and efficacy and lower costs by reducing waste.

Richard McEvoy, Vantage’s Chief Executive Officer, commented:  “Mallet has built a compelling, unique business model by providing not only release agents and specialty ingredients but also equipment solutions.  Their customer focus, innovation and technical support are aligned with Vantage’s strategy.  The acquisition of Mallet provides an immediate expansion of our existing food ingredients business. The combined business will provide additional opportunities to take what the Mallet team has accomplished to date and accelerate growth.”

William Blair & Company, L.L.C. acted as the exclusive financial advisor to Mallet in connection with the transaction.

Vantage Acquires Mallet Press Pelease 160720.pdf

Vantage Acquires Cocopah’s Organic Jojoba Farm

Further Strengthening Our Commitment to both Reliability & Sustainability

Date: Thursday, May 5, 2016

Vantage is pleased to announce its recent acquisition of one of the largest jojoba farms located in Arizona. Purchased from Cocopah Nurseries, the farm is comparable in size to Vantage’s nearby existing farm which was acquired in 2012 when Vantage purchased the Desert Whale Jojoba Company. Vantage also has an existing jojoba farm in Argentina, one of the world’s largest, of which it became a majority owner in 2015.

The farm purchase represents a substantial investment, allowing Vantage to further expand its organic jojoba growing capabilities – potentially more than quadrupling its organic seed production in Arizona. It also re-affirms the company’s commitment to growing its business as a reliable global supplier of sustainable jojoba products.

World’s Only Vertically-Integrated Jojoba Supply Chain
Vantage is the world’s largest jojoba grower and ingredient producer, with a leading global position in jojoba-based products for use in personal care and cosmetics. It is the only vertically-integrated supplier owning every step in the jojoba supply chain – from farming to oil extraction to derivatives production.

Vantage offers a broad jojoba product line, called Desert Whale Jojoba Oil + Derivatives -- high quality, naturally-derived, sustainable solutions for creating innovative finished beauty products. Made with highly stable and versatile liquid wax esters that are extracted from jojoba seeds, similar to esters found naturally in skin’s sebum, Desert Whale Jojoba Oil + Derivatives have exceptional properties and broader functionality compared to other plant-based ingredients.

Vantage Acquires Cocopahs Organic Jojoba Farm.pdf

Vantage Acquires Resources of Nature

Date: Monday, May 2, 2016

Vantage Specialty Ingredients successfully completed the acquisition of the net assets of Resources of Nature LLC. This acquisition brings new complimentary product lines for Vantage Personal Care such as active ingredients, treated powders, dispersions, specialty pigments, emulsifiers and sensory ingredients. Resources of Nature has several unique platforms of technology as well as a trend setting boutique style of product offerings and formulations that will enhance the overall Personal Care business unit of Vantage.

The combination of product lines will further strengthen Vantage’s offering of active and specialty ingredients while enhancing the Vantage global growth strategy under the Lipo® brand. This addition provides even stronger personal care roots to the existing and ever growing tree of Vantage purchases, including Desert Whale Jojoba, the Agrinsa Farm in Argentina, and the Curoxyl® and Curcylic® product lines.

“We believe these new platforms and innovations will give us significant opportunity for growth with our expansive global personal care sales force and distribution network along with complimentary technology that increases the “Natural Solutions” we can deliver to our customers.” said Patrick Brueggman, SVP and GM Vantage Personal Care.

Vantage Aquires Resources of Nature 050216.pdf

Vantage Acquires Second Farm

Date: Monday, September 21, 2015

Vantage Specialty Ingredients is pleased to announce its recent acquisition of a majority share in Agrinsa,  one of the world's largest jojoba farms located in Argentina.

Becoming a majority owner of Agrinsa represents a substantial investment allowing Vantage to expand its jojoba growing capabilities.  

It is also part of Vantage's ongoing commitment to providing a wide range of high quality, sustainable jojoba products - including jojoba oil, biodegradable exfoliant alternatives to polyethylene beads, and many natural jojoba derivatives. 

Vantage is vertically integrated and involved in every aspect of the jojoba supply chain -- from farming to oil extraction to derivatives manufacturing. 

Owning multiple jojoba farms located 5,000 miles apart, in regions that have different growing seasons, will further ensure a reliable supply of Vantage's jojoba products


Vantage Acquires Curoxyl & Curcylic

Date: Wednesday, July 21, 2015

We are excited to announce the acquisition of two new technologies for our product portfolio! Curoxyl® and Curcylic®, formerly offered by Essential Ingredients (Ei), will now be offered by Vantage Specialty Ingredients.

Curoxyl® Benzoyl Peroxide Gel USP, is a patented, aqueous based, micronized benzoyl peroxide dispersion in the form of a gel. Curoxyl® can be the starting point for topically applied anti-acne creams, anti-acne wipes, face and body washes, cleansers and medicated pet shampoo formulations.
Curcylic® is a patented form of Salicylic Acid that is safe, stable, effective and meets the USP Salicylic Acid Gel Monograph.
This acquisition complements Vantage Specialty Ingredients’ global personal care business under the Lipo brand, strengthening its offering of active ingredients and acne solutions.


A leading provider of natural based specialty ingredients focused on personal care, food, consumer, and industrial end markets.