MIAMI – H.I.G. Capital, a private equity investment firm, announced that its portfolio company Valtris Specialty Chemicals has acquired Akcros Holdings Limited. Valtris is a leading manufacturer of specialty chemicals primarily used as additives in the production and processing of polymers, sealants and chemical intermediates. It was carved out of Ferro Corp. by H.I.G. in December of 2014.
Akcros Chemicals is a provider of specialty chemicals used as additives in the production and processing of polymers, paint and coatings, with operations in both Europe and North America. Akcros has two primary manufacturing sites in Eccles, UK, and New Brunswick, NJ, with additional production capability in Mumbai, India, and Guangzhou, China. The acquisition of Akcros will provide additional manufacturing capabilities, increased product breadth and a global presence, helping Valtris expand as a leading global player in the polymer additives industry.
Paul Angus, CEO of Valtris, said, “Akcros is a highly strategic and complementary acquisition for us, providing new and multiple avenues for growth. There are significant opportunities to enhance our product offerings and provide more value to our customers. In addition, Valtris will now be a leading player not only in North America but also in Europe, a major goal of ours.”