Private investment firm SK Capital Partners announced that its affiliates have completed the acquisition of Valtris Specialty Chemicals from H.I.G. Capital. Terms of the transaction were not disclosed.

Headquartered in Independence, OH, Valtris is a global supplier of specialty chemicals, polymer additives, and precursors that provide essential performance properties across a variety of applications. The company operates nine manufacturing locations and employs approximately 700 people across North America, Europe, and Asia.

Valtris will be joining the portfolio of SK Capital, a New York–based private investment firm focused on the specialty materials, specialty chemicals, and pharmaceuticals sectors. The acquisition aligns with SK Capital’s experience in the additives market through multiple prior investments, said Managing Director Jack Norris. “Valtris is a well-regarded producer of specialty additives that improve performance and deliver critical attributes for its customers. Over its 75-year history, the company has developed a strong reputation as a premium solutions provider to its diverse customer base,” said Norris in a prepared statement.

Latham & Watkins LLP acted as legal counsel and TM Capital served as financial advisor to SK Capital. Committed debt financing was provided by Cerberus Business Finance LLC.