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Comment Business & Economics

Vertellus acquires Pentagon Chemicals  

By Gerald Ondrey |

Vertellus (Indianapolis, Ind.; www.vertellus.com), a leading producer of pyridine and pyridine derivative chemicals, today announced that it has purchased Pentagon Chemicals (Holdings) UK Ltd., a leading manufacturer of fine and specialty chemicals used in the life sciences industry. The acquisition significantly expands Vertellus’ manufacturing presence in the agrochemical and pharmaceutical sectors and positions Vertellus to complement its current chemistries with U.K.-based Pentagon’s strong capabilities in phosgenation, chlorination, Grignard and sodium dispersion, among others. The transaction is expected to boost earnings of Vertellus Specialty Materials division approximately 20%, contributing to a 13% increase in total company revenue. The acquisition of Pentagon is part of Vertellus’ vision to expand its Specialty Materials footprint in the life science sector through both organic growth and strategic acquisitions. Revenues from life science applications represent more than 65% of the company’s total revenue, and Vertellus expects the acquisition will significantly increase its agriculture chemical and pharmaceutical business. According to Vertellus CEO Rich Preziotti, the company was impressed with…
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