New owners for Vertellus
Speciality chemicals firm Vertellus has been acquired from Arsenal Capital Partners by another private equity firm, Pritzker Private Capital of Chicago. John Van Hulle, president and CEO of Vertellus, and other members of the management team are also investing and will continue to lead the business. Terms were not disclosed
Indianapolis-based Vertellus dates back to 1857 via its predecessor companies Reilly Industries and Rutherford chemicals. It supplies 700 products that are used in medical device, vitamins, health and beauty, crop protection, fuel and lube, and other applications. It has ten manufacturing facilities in the US, the UK, India and China.