“We are excited to announce the rebranding to Vivify, reflecting our accelerated growth and showcasing our leadership in the specialty colorants and ingredients industry across multiple end markets,” said Devlin Riley, CEO of Vivify. “The powerful Vivify logo and the tag line ‘Color, Ingredients, Innovation’ effectively captures our value-added capabilities, representing an exciting next step in our journey as a company.”
CenterOaks acquired cross-industry color capabilities
CenterOak Partners is a Dallas, Texas – based private equity firm. At the start of 2017, the firm acquired Aakash Chemicals and Dye-Stuffs Inc. That company, founded in 1978 and located in Glendale Heights, Illinois, makes colorants, adhesives, and specialty chemicals for primarily the graphic arts, coatings, and plastics industries.
At the time of the deal, Randall Fojtasek, Managing Partner at CenterOak, remarked, “Aakash Chemicals represents a compelling opportunity to partner with a strong management team in the large and highly fragmented specialty chemical distribution industry….Aakash Chemicals’ attractive characteristics coupled with CenterOak’s experience create an ideal platform for continued success.”
In 2017, the company (then owned by CenterOak) acquired Calico Food Ingredients (specializing in food colorants and additives) and Heritage Color (a liquid pigments company serving the graphic arts and seed coatings industries). Then in 2018, Askash acquired Sandream Impact, a well-known cosmetic pigments company based in Fairfield, New Jersey.
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May 11, 2021 at 11:22PM
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Vivify Specialty Ingredients Aakash and Sandream Specialties - CosmeticsDesign.com USA
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