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Announced

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Vantage Specialty Chemicals acquired LEUNA-Tenside from BIP Investment Partners and VR Equitypartner.

Synopsis

A leading provider of naturally-derived ingredients acquired LEUNA-Tenside, market leader in niche, specialty surfactant production, from BIP Investment Partners, and VR Equitypartner. Financial terms were not disclosed. "For us, Vantage's interest in Leuna represents a strong validation of our work to date and a recognition of the tremendous opportunities available for the business which include enhanced access to the international markets, especially to the US market, and numerous cross-selling opportunities. I am excited about working together with Vantage to continue to execute on the growth and expansion plans for this site, which is a very positive signal for our colleagues working here." Dr. Steve Doring, LEUNA-Tenside Managing Director.

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