Covestro Sells European Systems Houses Business to HIG Capital

Covestro successfully closed the sale of its European Systems Houses business to H.I.G. Capital effective as of November 1, 2019. The sales proceeds amount to a high-double-digit euro million sum. The business comprises facilities in the Netherlands, Denmark, Spain, Germany and further businesses in Italy. With approximately 250 employees, the business generates a annual sales … Read moreCovestro Sells European Systems Houses Business to HIG Capital

Vantage Specialty Chemicals Signs Definitive Agreement to Acquire Textron Plimon

Global private equity firm H.I.G. Capital, LLC announced on WEdnesday that its portfolio company, Vantage Specialty Chemicals Holdings, Inc, a leading, vertically-integrated provider of naturally derived ingredients, has signed a definitive agreement to acquire Textron Plimon, S.L.U. Natural Oils Business. As part of the transaction, Textron will spin-off its Spanish distribution business (“Plimon”) which will … Read moreVantage Specialty Chemicals Signs Definitive Agreement to Acquire Textron Plimon