“We are excited about the addition of Amarna’s product offering to Vantage’s Food business,” commented Tiffany Kyllmann, chief strategy officer of Vantage. “Amarna’s water-based release agent technology is an excellent complementary fit with Vantage’s oil-based release products currently sold through the Mallet business that was acquired in 2016. Vantage becomes the premier supplier in food release with the ability to offer multiple solutions tailored to unique product needs and processing requirements. Furthermore, this acquisition broadens Vantage Food’s focus outside of our core bread, cake and pizza markets into new product applications such as dried fruit, jerky and bagels. We look forward to working with the Amarna team to grow the business by leveraging Vantage’s sales and supply chain network globally.”

“We are pleased to support Vantage in its acquisition of Amarna,” commented Keval Patel, a managing director at H.I.G. “The investment continues our strategy of acquiring green, unique and complementary technologies in attractive, high growth end markets that will grow much faster through our broad, global distribution capabilities.”

Amarna is the second add-on acquisition that Vantage has completed since H.I.G. acquired the Company in October 2017. This acquisition follows Vantage’s 2016 acquisition of Mallet and Company, a manufacturer of oil-based release agents, stabilizers and emulsifiers.