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Lipo Chemicals, Inc., with its headquarters in Patterson, NJ, has merged with Vantage Specialty Chemicals of Chicago. Lipo is incorporated in several Latin American countries, including Costa Rica. Lipo provides technology and ingredients to firms in the personal care industry.

Vantage, a specialty chemicals manufacturer, has a number of affiliated companies. The company hopes the merger will expand its access to Latin America where Lipo will continue to provide its personal care specialty to its customers.

Their joint press release concludes, "This merger creates a diversified US-based specialty chemicals company with sales approaching $500 million and more than 550 employees at 17 locations across 13 countries."