01.14.19
Vantage Specialty Chemicals Holdings, Inc., a leading, vertically-integrated provider of naturally derived ingredients, has signed a definitive agreement to acquire LEUNA-Tenside GmbH (LTG).
LTG is a leading manufacturer of high quality, specialty surfactants sold throughout Europe and globally. Located in Leuna, Germany, the company is focused on small volume, niche products supported by flexible manufacturing capabilities. LTG’s product portfolio includes anionic surfactants, nonionic surfactants, and emulsifiers that are based on naturally derived ingredients and are used in a diversified range of end markets including personal care, soaps and detergents, industrial cleaning, lubricants, and paints and coatings.
According to the company, this diverse offering will open new opportunities for Vantage in the fast-growing development of sulfate-free and soap- free formulations in personal care.
LTG would be the third add-on acquisition that Vantage has completed since H.I.G. acquired the Company in October 2017. The transaction requires the approval of regulatory authorities and is expected to close by year-end 2018.
LTG is a leading manufacturer of high quality, specialty surfactants sold throughout Europe and globally. Located in Leuna, Germany, the company is focused on small volume, niche products supported by flexible manufacturing capabilities. LTG’s product portfolio includes anionic surfactants, nonionic surfactants, and emulsifiers that are based on naturally derived ingredients and are used in a diversified range of end markets including personal care, soaps and detergents, industrial cleaning, lubricants, and paints and coatings.
According to the company, this diverse offering will open new opportunities for Vantage in the fast-growing development of sulfate-free and soap- free formulations in personal care.
LTG would be the third add-on acquisition that Vantage has completed since H.I.G. acquired the Company in October 2017. The transaction requires the approval of regulatory authorities and is expected to close by year-end 2018.