Vertellus Completes Acquisition of Chemtrade Specialty Ingredients Business | National company

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INDIANAPOLIS – (BUSINESS WIRE) – November 3, 2021–

Vertellus, a manufacturer of specialty products for various consumer goods, food and agriculture, healthcare and industrial markets, today announced the completion of the acquisition of certain companies from Chemtrade Logistics Income Fund (TSX: CHE.UN) (“Chemtrade”) responsible for the production of potassium chloride, caustic lozenges and vaccine adjuvants.

The acquired companies give Vertellus a leading position in the manufacturing of specialty ingredients essential for the effectiveness of drugs against hypertension and diabetes, the production of next generation biologics and the improvement of the effectiveness of some vaccines. This acquisition expands Vertellus’ capabilities to manufacture and develop specialty ingredients in the dynamic healthcare and pharmaceutical industries, to reach a growing global long-term customer base and to strengthen its portfolio in these market segments. .

John Van Hulle, CEO of Vertellus, said: “We are delighted to welcome these strong Chemtrade companies to the Vertellus family as we further expand our reach into the high growth healthcare and pharmaceutical sectors. Our team at Vertellus continues to identify growth-oriented opportunities and partnerships to expand our capabilities and serve our customers.

Vertellus, based in Indianapolis, is owned by Pritzker Private Capital and its management.

About Vertellus

Based in Indianapolis, the Vertellus group of companies were originally founded in 1857 as a manufacturer of niche specialty products. Today, Vertellus is one of the largest suppliers of unique specialty chemicals used in various applications, processes and market sectors including personal care, healthcare, food and agriculture, coatings high-performance additives for paper, infrastructure and industrial specialties. With over 1,000 employees, Vertellus serves customers around the world from 10 international manufacturing facilities. Vertellus is a Responsible Care ® company. For more information, www.vertellus.com.

About Chemtrade

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of the largest North American suppliers of sulfuric acid, waste acid treatment services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, hydrosulfite sodium and phosphorus pentasulfide. Chemtrade is a leading regional supplier of sulfur, chlor-alkali products, liquid sulfur dioxide and zinc oxide. In addition, Chemtrade provides industrial services such as the treatment of by-products and waste streams. For more information visit www.chemtradelogistics.com.

About Pritzker Private Capital

Pritzker Private Capital partners with North American-based mid-market companies in leading positions in the manufacturing, service and healthcare industries. The company’s long-lived and differentiated capital base enables efficient decision-making, great flexibility with the transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneurs and family businesses. Pritzker Private Capital is a signatory of the United Nations Principles for Responsible Investment (PRI). For more information visit www.ppcpartners.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211103005317/en/

CONTACT: Media:

Abernathy Mac Gregor

Dan Scorpio

(312) 640-3111

[email protected]

KEYWORD: INDIANA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: MANUFACTURING OF CHEMICALS / PLASTICS

SOURCE: Vertellus

Copyright Business Wire 2021.

PUB: 03/11/2021 9:00 a.m. / DISC: 03/11/2021 9:02 a.m.

http://www.businesswire.com/news/home/20211103005317/en

Copyright Business Wire 2021.


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