Vertellus which is a major player in the specialty products for consumer goods, food and agriculture, healthcare, and industrial markets, recently announced the acquisition of IM Chemicals which is the intermediates and specialties division of ESIM Chemicals and is a leading supplier of specialty chemical products serving the pharmaceutical, coatings, and fuel and lubricant markets.
With the acquisition of IM chemicals, Vertellus is looking forward towards expanding its specialty ingredients portfolio and to support its manufacturing capabilities in Europe. The acquisition strengthens Vertellus’ ability to cater to the demand of its growing customer base with market leading specialty solutions.
Vertellus is headquartered in Indianapolis and is one of the largest providers of unique specialty chemicals used in diverse applications, various processes and applications related to markets including personal care, healthcare, food and agriculture, performance coatings, paper additives, infrastructure, and industrial specialties.
IM Chemicals is the leading producer of specialty anhydrides products which have application across a varies group of end use industries including coatings, pigments, construction, and pharmaceutical. IM Chemicals has a manufacturing plant in Linz, Austria.
As per ChemAnalyst, “the acquisition of IM chemicals by Vertellus is an effort of Vertellus in order to increase its footprints in the European specialty chemicals markets. The demand for specialty chemicals is growing at a healthy rate and is expected to continue to grow at a high rate during the upcoming years. With the acquisition the company will be looking forward towards benefitting from the synergies arising out of the agreement with the addition of a new customer base and market.”