Vantage acquire Textron Plimon

Vantage to acquire Textron Plimon

11:16 AM, 5th April 2019
Vantage logo

ILLINOIS, US: Vantage Specialty Chemicals has signed a definitive agreement to acquire Textron Plimon, SLU Natural Oils Business (Textron).

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, Textron 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.

“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,” said Andy Harris, CEO of Vantage.

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