Vantage CEO Julian Steinberg said that in past three and half years, the company had acquired Lambent Technologies and Lipo Chemicals, forming a vertically integrated, natural specialty chemical provider.

Currently, Vantage, headquartered in Chicago, focused on naturally derived ingredients maintains a global presence in 13 countries with annual revenues in excess of $500m.

HIG Capital, founded in 1993, with more than $8.5bn of equity capital under management, provides capital to small and medium-sized companies and has invested and managed more than 200 companies worldwide.

Jordan Company, founded in 1982 and headquartered in New York, has $6bn of capital under management.