Vantage Specialty Chemicals Inc., backed by the Jordan Co. private equity firm, is acquiring Mallet and Co. Inc. to expand its food ingredients business. Mallet’s seller is the ICV Partners private equity firm, while Vantage is owned by Jordan and Vantage’s management.

Mallet, of Carnegie, Pennsylvania, makes oils, shortenings and related ingredients used in baking, and it also sells commercial baking equipment. Chicago-based Vantage makes and distributes specialty chemicals used in personal care, food, consumer and industrial products, with six manufacturing plants in the U.S. and laboratories and offices in Latin America, South Africa, Europe and Asia.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.