Vantage Specialty Chemicals sold

FYI for our oleochemical friends: Vantage Specialty Chemicals, the largest oleochemical producer in North America, is now owned by the Jordan Company (TJC), a private equity firm.

Vantage's former owner, H.I.G. Capital sold the company for an undisclosed sum. ICIS actually broke this news in December 7 (subscription only) after several sources in the financial community noted in an interview that H.I.G. put Vantage in a formal auction process and that "it was a food fight among private equity firms".

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