Valtris to change hands

Miami-based HIG Capital alternative investment firm HIG Capital has agreed to sell Valtris Specialty Chemicals to an affiliate of funds managed by SK Capital Partners. The transaction is expected to close in Q3, subject to customary closing conditions. Terms were not disclosed.

Valtris is located in Independence, Ohio, and operates nine manufacturing facilities worldwide. It makes speciality polymer additives to impart flexibility, stability processability and flame retardance, plus speciality chemicals for a wide range of end markets.

HIG originally acquired Valtris in a carve-out transaction from Ferro in late 2014. Since then, it had added to its reach by acquiring Akcros Chemicals in the US and UK in 2016 and multiple Ineos business units in France, Belgium and the Netherlands in 2018.