“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.”
The deal marked the third add-on acquisition that Vantage has completed since HIG acquired the firm in October 2017.
At press time, the transaction was expected to close by the end of 2018.