INDIANAPOLIS — Vertellus announced that it has signed a definitive agreement to acquire ESIM Chemicals’ intermediates and specialties division (IM Chemicals), a leading provider of specialty chemical products serving the pharmaceutical, coatings, and fuel and lubricant markets. The transaction is subject to customary regulatory approvals.
Founded in 1857 and headquartered in Indianapolis, Vertellus is a leading provider of specialty products for the healthcare, personal care, food and agriculture, coatings, and transportation markets. The company serves customers across the globe from 10 manufacturing facilities located in the United States, United Kingdom, India and China. Vertellus is owned by Pritzker Private Capital and management.
“This acquisition is directly in line with Vertellus’ strategy to become a leading global provider of specialty chemicals and solutions through both internal growth and acquisitions of complementary customer-focused businesses. We are excited to welcome the IM Chemicals team to the Vertellus family,” said John Van Hulle, CEO of Vertellus.
Jim Elliott, Vice President and General Manager of Vertellus’ Anhydrides & Specialties business, said “IM Chemicals is a perfect fit with Vertellus. The acquisition enhances our ability to meet the needs of our global customer base for specialized products and solutions, adding additional production capacities in Europe and expanding our product offerings into new markets.”
For more information about Vertellus, visit http://www.vertellus.com.