Gryphon Investors' portfolio company Vivify Specialty Ingredients has acquired Access Ingredients, representing its second acquisition in 2023.
WHO: Founded in 2012 and based in Arcadia, CA, Access is a distributor of specialty ingredients for the personal care industry. It specializes in cleansing, foaming, thickening, moisturizing, and anti-aging products used in haircare products, body wash, shaving cream, sunscreen, lotion, acne treatment, and antiperspirants.
Vivify is a leading provider of specialty colorants, additives, and ingredients for the food & beverage, personal care & cosmetics, and industrial end markets. With expertise in specialty products, such as organic pigments, dyes, liquid colorants, slip additives, specialty resins, and food ingredients, Vivify delivers customer-specific solutions focused on product performance, customized applications, product development, and other value-added services.
Gryphon Investors is a middle-market private equity firm focused on profitably growing and competitively advantaged companies in the business services, consumer, healthcare, industrial growth, and software sectors. With approximately $9 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model.
WHY: Vivify is actively seeking to partner with additional businesses to expand product offerings and services and add to its position as a best-in-class solutions provider to its customers.
IN THEIR OWN WORDS: "We are pleased to support the Vivify management team as they continue to identify strategic acquisitions that build scale and drive growth," said Craig Nikrant, Operating Partner on the Gryphon Heritage Fund team. "Access's differentiated product line greatly complements Vivify's already deep palette of customer solutions and will allow for meaningful expansion of Vivify's personal care and cosmetics offerings."
Vivify CEO Brian Leen commented, "We're excited to welcome Trudi and her team. Access is a proven innovator, with strong supplier relationships and specialty products, and the Company will provide us with a key West Coast distribution facility. We expect this addition to help Vivify accelerate our growth in the hair and skincare markets and enhance our reputation as a value-added solutions provider for our customers, and we continue to look for like-minded acquisition partners across our industrial and life sciences markets."
"I am delighted to partner with Vivify and Gryphon," said Access owner and President Trudi Leung. "My team and I are excited to gain the financial resources and the operations expertise that will spearhead our growth as we expand into the Midwest and East Coast, help drive further product innovation, and deliver more value to our customers."
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