SK Capital Partners has acquired Valtris Specialty Chemicals from H.I.G. Capital.
WHO: Valtris, headquartered in Independence, Ohio, is a leading global manufacturer of a comprehensive portfolio of specialty additives and precursors, offering solutions and innovative products to customers worldwide. Valtris develops products that provide essential performance properties across a variety of applications including plastics, coatings, adhesives and sealants, pharmaceuticals, flavors and fragrances, and personal care products. The company operates nine manufacturing locations and employs approximately 700 people across North America, Europe, and Asia.
Miami-based H.I.G. is a leading global alternative assets investment firm with over $49 billion of equity capital under management. H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused / value-added approach.
SK Capital Partners is a New York-based private investment firm focused exclusively on the specialty chemicals, materials, and pharmaceuticals sectors.
IN THEIR OWN WORDS: Jack Norris, a Managing Director of SK Capital, stated, "Valtris is a well-regarded producer of specialty additives that improve performance and deliver critical attributes for its customers. Over its 75-year history, the Company has developed a strong reputation as a premium solutions provider to its diverse customer base. We are excited that Valtris will be joining the portfolio of SK Capital, where we have significant experience in the additives markets through multiple prior investments."
Paul Angus, Valtris' CEO, said, "It has been a pleasure to work with H.I.G. since carving out the business from Ferro. Together, we have built a strong global leader in polymer additives that is well-positioned for robust future growth. SK's investment is a strong validation of our Company and talented team and launches an exciting new chapter for Valtris."
Keval Patel, Head of U.S. Middle Market Private Equity and Head of North American Chemicals at H.I.G., commented, "We have enjoyed working with Paul and the entire Valtris team. The successful outcome here is a direct result of execution of the plan that we set out to accomplish. We are proud of these achievements, which position the Company well for continued success under SK Capital."
Matt Gullen, Managing Director at H.I.G., added, "We have been thrilled with the partnership with Valtris' management and the successful transformation from a North American focused business to a global market player. We see tremendous potential ahead for the Company."
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