“The acquisition of LTG is a transformational transaction for Vantage that provides us with a strategic manufacturing footprint in Europe,” commented Tiffany Kyllmann, chief strategy officer of Vantage. “LTG’s production facility is attractively located in Germany with products and chemistries that are similar to those of Vantage. We truly believe this efficient production facility and impressive technology, in combination with the European footprint, will allow us to better serve our global customer base.”
LTG is the third add-on acquisition that Vantage has completed since H.I.G. acquired the company in October 2017.
The transaction is subject to regulatory approval and is expected to close by year-end 2018.