HIG Capital completed the acquisition of USALCO, a provider of high-quality aluminium-based chemicals used primarily in water and wastewater treatment processes and for the manufacturing of catalysts used by refineries for £265m. “We are very excited to partner with Peter and David and the USALCO management team, who have a proven track record of building a best-in-class business and providing the highest levels of quality for their customers. The Company’s steady and growing revenue profile, highly efficient operations and numerous growth opportunities make this an attractive investment,” Keval Patel, HIG Managing Director.