Vantage Acquires Mallet
calendar Created with Sketch. July 20th, 2016
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Chicago, IL: July 20, 2016 – Vantage Specialty Chemicals, Inc. (“Vantage”), a leading provider of natural-based specialty ingredients focused on personal care, food, consumer, and industrial end markets, has signed a definitive agreement to acquire Mallet and Company, Inc. (“Mallet” or the “Company”). Vantage is currently owned by Vantage management and a private equity fund managed by The Jordan Company, L.P. Mallet is a portfolio company of ICV Partners, a private equity firm based in New York and Atlanta.

Headquartered outside of Pittsburgh, Pennsylvania, Mallet is the market-leading North American provider of baking release agents, offering innovative products and capabilities to the food industry with a focus on R&D, technical service, and custom formulation and packaging capabilities. The Company provides high-quality, process-critical ingredients that increase ingredient quality and efficacy and lower costs by reducing waste.

Richard McEvoy, Vantage’s Chief Executive Officer, commented: “Mallet has built a compelling, unique business model by providing not only release agents and specialty ingredients but also equipment solutions. Their customer focus, innovation and technical support are aligned with Vantage’s strategy. The acquisition of Mallet provides an immediate expansion of our existing food ingredients business. The combined business will provide additional opportunities to take what the Mallet team has accomplished to date and accelerate growth.”

William Blair & Company, L.L.C. acted as the exclusive financial advisor to Mallet in connection with the transaction.

Vantage Acquires Mallet and Company Inc.pdf
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