H.I.G. Capital (H.I.G.; Miami, Fla.; www.higcapital.com), a global private equity investment firm, says that its portfolio company Valtris Specialty Chemicals (Valtris; Independence, Ohio; www.valtris.com) has acquired Akcros Holdings Ltd. Valtris is a leading manufacturer of specialty chemicals primarily used as additives in the production and processing of polymers, sealants, and chemical intermediates and 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 is well known to its customers for is strong R&D capabilities, customer service orientation and breadth of product offering. Akcros has two primary manufacturing sites in Eccles, U.K. and New Brunswick, N.J. 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.