Market Overview

Vantage Specialty Chemicals Completes Acquisition of The Amarna Company

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H.I.G. Capital, LLC ("H.I.G."), a leading global private equity
investment firm with over $25 billion of equity capital under
management, is pleased to announce that its portfolio company, Vantage
Specialty Chemicals Holdings, Inc. ("Vantage" or the "Company"), a
leading, vertically-integrated provider of naturally derived
ingredients, has acquired The Amarna Company ("Amarna").

Located in Delta, Colorado, Amarna is a leading manufacturer of a family
of patented, next-generation water-based release agents sold under the
Amarnakote™ brand name. Amarna is widely recognized as an industry
leader in high-performance release products and spray systems used in a
variety of food applications including bagels, dried fruit and jerky.
Amarna's water-based release agents prevent food from sticking while
reducing or eliminating buildup on baking and dehydrator surfaces.

"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.
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.

About The Amarna Company

For 39 years, The Amarna Company has been the exclusive manufacturer of
a family of patented, next generation, water-based release agents with
unique cleaning properties. Amarna also offers a customized line of
spray equipment designed exclusively for its release agent products. The
Amarna Company is widely recognized as an industry leader in
high-performance release products and spray systems that meet tomorrow's
food industry needs today.

About Vantage

Vantage is a leading producer of naturally derived, specialty
ingredients focused on Personal Care, Food, Consumer Care and Industrial
end markets with a portfolio of over 2,000 products. Headquartered in
Chicago, IL, Vantage operates a global manufacturing and supply chain
across 6 manufacturing facilities, 13 formulation laboratories and 19
distribution warehouses located in 14 countries across the United
States, Latin America, South Africa, Europe, and Asia. For more
information, visit http://www.vantagespecialties.com.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets
investment firm with over $25 billion of equity capital under
management.* Based in Miami, and with offices in New York, Boston,
Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as
well as international affiliate offices in London, Hamburg, Madrid,
Milan, Paris, Bogotá, Mexico City, Rio de Janeiro and São Paulo, H.I.G.
specializes in providing both debt and equity capital to small and
mid-sized companies, utilizing a flexible and operationally focused /
value-added approach:

1. H.I.G.'s equity funds invest in management buyouts, recapitalizations
and corporate carve-outs of both profitable as well as underperforming
manufacturing and service businesses.

2. H.I.G.'s debt funds invest in senior, unitranche and junior debt
financing to companies across the size spectrum, both on a primary
(direct origination) basis, as well as in the secondary markets. H.I.G.
is also a leading CLO manager, through its WhiteHorse family of
vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

3. H.I.G.'s real estate funds invest in value-added properties, which
can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than
300 companies worldwide. The firm's current portfolio includes more than
100 companies with combined sales in excess of $30 billion. For more
information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and
affiliates.

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