Vertellus, a manufacturer of specialty products for various consumer goods, food & agriculture, healthcare, and industrial markets, today announced the completion of its acquisition of certain businesses of Chemtrade Logistics Income Fund (TSX: CHE.UN) (“Chemtrade”) responsible for producing potassium chloride, caustic pellets, and vaccine adjuvants.
The acquired businesses give Vertellus a leading market position in the manufacturing of specialty ingredients that are essential in the efficacy of medications for hypertension and diabetes, production of next-generation biologics, and improving the effectiveness of certain vaccines. This acquisition expands Vertellus’ capabilities to manufacture and develop specialty ingredients in the dynamic healthcare and pharmaceutical sectors, reach an expanding global base of long-term customers, and strengthen its portfolio in these market segments.
John Van Hulle, CEO of Vertellus, said, “We are thrilled to welcome these strong Chemtrade businesses to the Vertellus family as we further extend our reach in the high-growth healthcare and pharmaceutical sectors. Our team at Vertellus continues to identify growth-focused opportunities and partnerships to expand our capabilities and serve our customers.”
Indianapolis-based Vertellus is owned by Pritzker Private Capital and management.
By Vertellus, Press Release
Source: vertellus.com
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