Vantage Specialty Chemicals (Chicago, Illinois) late last week acquired specialty surfactants maker Leuna Tenside GmbH from private equity firms VR Equitypartner (Frankfurt, Germany) and BIP Investment Partners (Luxembourg), the firms say.
Terms of the transaction, including purchase price, were not disclosed. Leuna Tenside is a maker of niche surfactants in the personal care, consumer goods, and industrial markets. It was acquired by private equity from company management in 2015.
Vantage is majority owned by private equity firm H.I.G. Capital (Miami, Florida), which re-acquired it in 2017.
By Vincent Valk
Source: Chemical Week
During a European Industry Summit held on the site of BASF in Antwerp, leaders from basic industry sectors, representing 7.8 million workers in Europe, joined forces with European trade unions and European leaders to address pressing concerns regarding Europe’s industrial landscape.
The use of blue or low-carbon hydrogen, made from natural gas with carbon capture and storage (CCS), could increase near-term global warming by 50% compared with burning fossil fuels directly for energy if emissions are not properly managed, according to a new study by NGO the US Environmental Defense Fund (EDF) and the University of Arizona.
In a move to improve the supply of renewable hydrogen and thus reduce dependence on natural gas and contribute to achieving the objectives of the European Green Deal and the REPowerEU plan, the EU Commission has approved a third Important project of common European interest (IPCEI) to support hydrogen infrastructure.