SK Capital Partners (SK Capital), a New York-based private investment firm focused exclusively on the specialty chemicals, materials and pharmaceuticals sectors, announced that its affiliates have completed the acquisition of Valtris Specialty Chemicals (Valtris), from H.I.G. Capital.

 

Valtris, headquartered in Independence, Ohio, is a leading global manufacturer of a comprehensive portfolio of specialty additives and precursors, offering solutions and innovative products to customers around the world. Valtris develops products that provide essential performance properties across a variety of applications including plastics, coatings, adhesives and sealants, pharmaceuticals, flavors and fragrances, and personal care products. The Company operates nine manufacturing locations and employs approximately 700 people across North America, Europe and Asia.

 

Jack Norris, a Managing Director of SK Capital, stated, “Valtris is a well-regarded producer of specialty additives that improve performance and deliver critical attributes for its customers. Over its 75-year history, the Company has developed a strong reputation as a premium solutions provider to its diverse customer base. We are excited that Valtris will be joining the portfolio of SK Capital, where we have significant experience in the additives markets through multiple prior investments.”

 

Latham & Watkins LLP acted as legal counsel and TM Capital served as financial advisor to SK Capital. Committed debt financing was provided by Cerberus Business Finance, LLC.