Vantage is a provider of natural-based ingredients for the personal care and is seeking to expand its portfolio offering by adding the considerable footing Textron already has in the naturals oils space, so the addition of the business will also serve to diversify the business.
Textron is based near Barcelona in Spain and through its state of the art processing facility it has built a global business sourcing and processing oils and see from all over the world.
Natural ingredients and preservatives
In the cosmetics and personal care space, Textron offers a range of natural oil based ingredients and preservatives, while it also has a range of food oils and bismuth derivatives.
“The acquisition of Textron supports our commitment to strategically grow and expand the value we bring our customers throughout the world in natural oils,” saidAndy Harris, Chief Executive Officer of Vantage.
“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.”
A good fit for Vantage
Vantage has been undergoing a period of expansion since it was acquired by H.I.G. in October 2018, with the addition of Textron making it the fourth business it has added to the Vantage group.
“Textron’s world-class production facility and focus on vegetable oils is a natural fit with Vantage’s current portfolio,” said Serge Rogasik, Senior Vice President of Vantage’s Personal Care business.
“It will create a global leader in the increasingly demanding world of traceable and sustainable natural oils for personal care and allow us to better serve the evermore stringent sourcing needs of our combined customer base.”
