Miami, FL, January 13, 2012 --(PR.com
)-- Vantage is a Chicago based specialty chemicals company focused on naturally derived ingredients for a growing and diverse set of global end markets, including consumer products, personal care, food and industrial markets. Vantage converts renewable vegetable and animal based raw materials into products that are widely used in a range of specialized applications due to their environmental characteristics and performance benefits. In May 2008, Vantage was formed by H.I.G. Capital through the acquisition of Croda International’s U.S. oleochemical business (f/k/a Uniqema Americas). Vantage currently maintains a worldwide presence in 13 countries with revenues of more than $500 million annually.
Julian Steinberg, Chief Executive Officer of Vantage, stated that H.I.G. Capital
has been a superb partner to Vantage and has helped the company execute its growth strategy. During the past three and a half years, the company has made two acquisitions, invested in new technologies, expanded its global reach and made capital investments to increase capacity at both of its manufacturing facilities.
Rick Rosen, an Executive Managing Director of H.I.G. Capital, stated that the firm has been very fortunate to partner with Vantage. The company has executed various strategic and growth initiatives that have allowed it to grow organically. Vantage has been an extremely successful investment and H.I.G. Capitals looks forward to watching the company’s continued success in the future.
H.I.G. Capital is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. H.I.G. specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.