7 January 2021 - Pritzker Private Capital (PPC) has acquired specialty chemicals producer Vertellus. PPC said it is investing alongside John Van Hulle, the current President and CEO of Vertellus, as well as other members of the Vertellus management team. Terms of the deal were not disclosed.
Vertellus operates 10 manufacturing facilities located in the US, United Kingdom, India and China. The company is a leading producer of feed grade vitamin B3 as well as beta picoline and niacinamide.
Van Hulle and existing management will continue to lead the business.
Van Hulle commented: “Our partnership with Pritzker Private Capital will help us build upon Vertellus’ leading standard of quality, service and safety as we advance our growth strategy. PPC is the ideal partner for our exciting next chapter.”
“Vertellus is a leading specialty chemicals manufacturer with strong growth prospects and a compelling market opportunity,” added Thomas Chadwick, Principal at Pritzker Private Capital. “The company plays an important role in the development and production of in-demand consumer and industrial products, and we look forward to supporting Vertellus on its continued expansion.”