Vantage acquires Textron Plimon
Vantage Specialty Chemicals, has signed a definitive agreement to acquire Textron Plimon, S.L.U. Natural Oils Business.
Textron is a leading manufacturer, processor and specialty formulator of natural oils for the personal care, food and chemical industries. Located near Barcelona in Granollers, Spain, this company is focused on supplying high quality, natural oils out of a new, state-of-the-art manufacturing facility that sources oils and seeds from all over the world. Textron’s product portfolio includes cosmetic oils, formulations of “Evoils”, food oils, bismuth derivatives, cosmetic ingredients and preservatives. As part of the transaction, Textron will spin-off its Spanish distribution business (“Plimon”) which will remain with the prior ownership group and continue distributing products for Textron.
“This strategic combination builds upon Vantage’s existing leadership position”
“The acquisition of Textron supports our commitment to strategically grow and expand the value we bring our customers throughout the world in natural oils. This strategic combination builds upon Vantage’s existing leadership position in jojoba oil and further establishes Vantage and Textron as premier providers of natural oils to broaden and complement our specialty ingredient solutions for evolving trends in personal care and food,” commented Andy Harris, Chief Executive Officer of Vantage.
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