Aakash Chemicals & Dye-Stuffs, Inc., a Glendale Heights, Illinois-based supplier of colorants, additives and other specialty chemicals, acquired Sandream Impact, a Fairfield, N.J.-based supplier of colorants and other specialty chemicals to the cosmetic, personal care, and nutritional markets.
The terms of the transaction were not disclosed.
Founded in 2006, Sandream Impact is a supplier of colorants, nutraceuticals, and cosmetic actives to the cosmetic and personal care industry serving a broad base of customers across the United States, Canada, and Europe.
The acquisition allows Aakash Chemicals to focus on colorants and cosmetics and expand its product line in the special effect pearlescent pigments category.
Founded in 1978 and led by Aakash Shah, Chief Executive Officer, Aakash Chemicals supplies products for use in a variety of industries, with a focus on plastics, coatings, food and graphic arts end markets.
It is a portfolio company of Dallas, TX-based private equity firm CenterOak Partners.