At the start of the year, Vertellus was itself acquired by Pritzker Private Capital, as Cosmetics Design reported. Now, as Thomas Chadwick, Principal at Pritzker Private Capital, tells the press “The acquisition of IM Chemicals will expand Vertellus’ capabilities to deliver innovative specialty products and solutions to its customers.”
“IM Chemicals,” he says, “is a strong fit with Vertellus’ strategy of using add-on acquisitions to accelerate growth in key markets, including health and beauty, coatings, specialty lubricants, as well as select food and crop protection markets.”
Deal adds new markets, new customers, and new manufacturing facilities
Like most specialty chemical makers, Vertellus and IM Chemical (the intermediates and specialty chemicals division of ESIM Chemicals) both serve multiple industries.
Indiana- based Vertellus got its start in 1857 and today serves health care, food and agriculture, coatings, and transportation customers. ESIM Chemicals in based in Linz, Austria, and serves not only the cosmetics industry but also the food and feed, crop production, pharma, coatings, lubricants, and fuel industries.
The IM division lists 30+ ingredients in its portfolio, including Diacetone Acrylamide, Dimethyl Itaconate, and Dimethyl Sebacate.
But besides the ingredients and intermediaries themselves, the acquisition deal adds new manufacturing facilities in Europe and therefore new markets and customers to Vertellus: Jim Elliott, Vice President and General Manager of Vertellus’ Anhydrides & Specialties business, remarks, “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.”
Beauty ingredient manufacturer Vertellus to acquire IM Chemical - CosmeticsDesign.com USA
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