OpenGate Capital Exits Investment in Verdant Specialty Solutions, Paving the Way for Future Growth

In a significant move that showcases the power of strategic partnerships in the business world, OpenGate Capital announced its exit from Verdant Specialty Solutions through a sale to Samyang Specialty Solutions. This transaction marks a significant milestone in Verdant's journey to become a global leader in the surfactant and batch-scale specialty solutions industry. Under the leadership of John Foley, Verdant's CEO, and in collaboration with OpenGate Capital, the company has expanded its portfolio of sustainable solutions, positioning itself for continued growth and success in the years to come.

Verdant Specialty Solutions, established in May 2021, emerged from the carve-out of the North American and European amphoteric surfactant business from Solvay by OpenGate Capital. With a focus on the production of specialty amphoterics and ethoxylates, the company has become a key player in the chemical manufacturing industry. Led by John Foley, an industry veteran with extensive experience in commercial strategy, Verdant has successfully accelerated its growth trajectory while prioritizing safety, compliance, and reliability.

Throughout its journey, Verdant Specialty Solutions has completed several add-on acquisitions that have expanded its technology portfolio and U.S. manufacturing footprint. These strategic acquisitions have allowed the company to enhance its offerings and provide sustainable solutions to some of the world's most recognizable personal care, home, and hygiene brands. Today, Verdant serves over 600 customers in 46 countries, solidifying its position as a trusted global supplier.

Andrew Nikou, OpenGate Capital's Founder and Managing Partner, expressed his satisfaction with the partnership between Verdant and OpenGate, stating, "John and the team at Verdant have been exceptional partners, as we worked together to make our vision for the Company a reality." He emphasized the expansion of Verdant's sustainable solutions portfolio and the positioning of the company for future growth as notable achievements.

John Foley, Verdant's CEO, also shared his appreciation for the collaboration with OpenGate Capital, highlighting their innovative approach and expertise in successfully completing corporate carve-outs and integrating add-on acquisitions. Foley stated, "We are proud of what we have achieved alongside OpenGate these past few years." He underlined the transformative impact of the partnership on Verdant's journey towards becoming a global partner in the surfactant and batch-scale specialty solutions industry.

The sale of Verdant Specialty Solutions to Samyang Specialty Solutions aligns with Samyang Holdings' vision of sustainable growth and providing high-quality, first-rate products to customers. As the subsidiary of Samyang Holdings, Samyang Specialty Solutions brings a wealth of experience and resources to support Verdant's future expansion, both in the Americas and abroad. Tae-Ung Eom, CEO of Samyang Holdings, expressed his excitement about the partnership, stating, "Together, we have an opportunity to extend Samyang's chemicals business and create synergistic benefits."

Verdant's journey towards becoming a global leader in the specialty chemical industry is fueled by a growing portfolio of sustainable solutions. The company's commitment to delivering high-quality products while prioritizing quality, safety, and reliability sets it apart from competitors. With its headquarters in Houston, Texas, Verdant is well-positioned to continue its upward trajectory and create value for all stakeholders.

OpenGate Capital, a global private equity firm specializing in the acquisition and operation of businesses, has played a pivotal role in Verdant's success story. Headquartered in Los Angeles, California, with a European office in Paris, France, OpenGate Capital possesses the critical skills needed to drive operational improvements, innovation, and growth in the businesses it acquires. With a track record of over 40 platform acquisitions across North America and Europe, OpenGate Capital has established itself as a trusted partner for businesses aiming to unlock their true potential.

As Verdant Specialty Solutions embarks on its next phase of growth under the stewardship of Samyang Specialty Solutions, the company remains committed to its mission of supporting human well-being through the power of science and nature. With a focus on sustainability and a dedication to delivering best-in-class solutions, Verdant is poised to make a lasting impact on the specialty chemical industry.

In conclusion, the successful exit of OpenGate Capital from Verdant Specialty Solutions and the subsequent sale to Samyang Specialty Solutions marks a significant milestone for all parties involved. This transaction sets the stage for future growth and innovation, solidifying Verdant's position as a global leader in the surfactant and batch-scale specialty solutions industry. With a focus on sustainable solutions and a commitment to delivering value to customers, Verdant is poised for continued success in the years to come.