Vertellus Acquires Dow’s Sodium Borohydride BusinessBy
Vertellus, a producer of specialty chemicals for the life sciences market and other industrial sectors, has closed on its previously announced acquisition of The Dow Chemical Company's sodium borohydride (SBH) business. SBH is used in the synthesis of fine chemicals and active pharmaceutical ingredients as well as in other industrial applications.
The acquisition expands Vertellus' life sciences business, adding new process aids and synthesis capabilities to the company's asset structure. The acquisition includes a manufacturing facility located in Elma, Washington. The acquisition follows on the November 2014 purchase by Vertellus of Pentagon Chemicals (Holdings) UK Ltd., expanding the company's agrochemical offerings in the life science sector. With the completion of both acquisitions, revenues from life science applications constitute more than 65% of the company's total revenue.
Vertellus is a portfolio company of Chicago-based private equity firm Wind Point Partners. Wind Point Partners acquired Vertellus in partnership with CEO Rich Preziotti. Vertellus is headquartered in Indianapolis, Indiana and has more than 1,000 employees. >/p>