Vivify Specialty Ingredients, a provider of colorants, additives and ingredients for the food and beverage, personal care and cosmetics and industrial end markets and a portfolio company of Gryphon Investors, has bought Reitech Corp., a manufacturer of pigment dispersions.
Based in Reading, Pa., Reitech has manufactured pigment dispersions for more than 40 years. The company’s products, which include both standard and custom color dispersions, are used in an array of applications such as aerospace, consumer goods and industrial coatings. Reitech’s owners, Stephen Holtzman and Prakash Pradhan, will remain with the company and join the Vivify management team.
“The combination of Reitech with Vivify’s pigments dispersions division, Heritage Color, creates a pigment dispersion business with considerable scale and positions the combined company to take advantage of new strategic opportunities, while remaining focused on high quality and service,” states Vivify CEO Devlin Riley. “Reitech’s portfolio will diversify Vivify’s product line and allow us to better serve existing customers, as well as reach new end-markets.”
Kirkland & Ellis served as legal counsel to Vivify. Reger Rizzo & Darnall LLP served as legal counsel to Reitech.