Private equity firm H.I.G has reacquired Vantage Speciality Chemicals from private equity firm The Jordan Company in a $1 billion deal.

H.I.G initially launched Vantage Speciality Chemicals, a US manufacturer of natural additives for industries such as personal care, back in 2008 when it was formed following the purchase of Croda’s US oleochemical business, before selling it on to The Jordan Company. The private equity firm is now set to bring back the company into its portfolio after selling it off in 2012.

Richard McEvoy, Chief Executive Officer of Vantage commented, “We are thrilled to have financial sponsors that are both very familiar with our business and recognize the achievements and growth opportunities created over the last several years. We look forward to partnering with both H.I.G. and TJC in the next chapter for Vantage.”

Vantage’s management team will continue to run the business, with The Jordan Company co-investing in the deal through a minority stake.

Reacquiring the brand will push H.I.G forward in the booming naturals market, and follows up on its 2016 acquisition of oils, ingredients and custom food processing equipment manufacturer Mallet & Company.