Vertellus, a US based specialty chemicals company, recently acquired the Dow Chemical Company’s Sodium Borohydride business (SBH).
Dow’s SBH unit in Elma, Washington, produces sodium borohydride which is used in bleaching applications, such as mechanical wood pulping for newspaper and tissue production. The chemical is also used in the synthesis of fine chemicals such as pharmaceutical ingredients and agrochemicals.
Vertellus is part of private equity firm Wind Point Partners. “Completing strategic acquisitions is a key driver of our value creation plan, and with the SBH business as well as our recent acquisition of Pentagon Chemicals PLC, we are successfully diversifying our portfolio with a focus on specialty chemicals, particularly in life sciences and high growth industrial markets,” said Alex Washington, Managing Director, Wind Point Partners.
The transaction is expected to be completed to close in the first quarter of 2015.
