Gryphon Investors has acquired Vivify Specialty Ingredients, in partnership with current family owner Aakash Shah, who will stay on the board of directors, and the management. CEO Devlin Riley and other senior managers will remain in place.
Vivify supplies speciality chemicals for colorant and related applications in many industries, including personal care and cosmetics. Its products are sold in more than 50 countries. Keith Stimson, deal partner and head of the heritage fund team at Gryphon, said, that “we see a variety of opportunities for additional investments to accelerate growth, including add-on acquisitions”.