Vertellus acquires Dow’s Sodium Borohydride business

Vertellus acquires Dow’s Sodium Borohydride business

7:20 AM, 6th December 2014
Vertellus acquires Dow’s Sodium Borohydride business

INDIANAPOLIS, US: Vertellus, a leading producer of specialty chemicals for the life sciences sector and other industrial applications, has signed a definitive agreement to acquire the Sodium Borohydride (SBH) business, including associated assets, from The Dow Chemical Company. Vertellus is a portfolio company of Chicago-based private equity firm Wind Point Partners.

The SBH Business is the leading manufacturer of sodium borohydride used in the synthesis of fine chemicals such as pharmaceutical ingredients and agrochemicals. Sodium borohydride is predominantly used as a critical synthesis and process aid in the production of a wide variety of active pharmaceutical ingredients including high growth antiretrovirals for the treatment of HIV/AIDS. It is also used in bleaching applications, such as mechanical wood pulping for newspaper and tissue production.

The acquisition accelerates Vertellus’ strategy to expand its product offerings in the life science sector through both organic growth and strategic acquisitions. Revenues from life science applications represent more than 65 per cent of the company’s total revenue, and Vertellus expects the acquisition will significantly increase its ability to provide tailored solutions to the pharmaceutical and agriculture sector.

“Vertellus is impressed with the SBH Business’ market leading position in the supply of processing aids to fine chemical customers, specifically pharmaceutical and agrochemical manufacturers. We are excited about the opportunity to serve the high growth synthesis segment from the SBH Business’ world class manufacturing facility in Elma, Washington,” said Rich Preziotti, CEO, Vertellus.

 

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Low-grade waste heat regenerates ammonia batteries

PENNSYLVANIA, US: According to Penn State engineers, an efficient method to harvest low-grade waste heat as electricity may be possible using reversib ...

Read more
New method to sniff toxic gases from a distance

DURHAM, US: Scientists have developed a way to sniff out tiny amounts of toxic gases - a whiff of nerve gas, for example, or a hint of a chemical spil ...

Read more
Scientists make synthetic enzymes

LONDON, UK: In a major breakthrough, scientists have for the first time made synthetic enzymes - the vital ingredients needed for life - from artifici ...

Read more
Novozymes’ new enzyme technology makes biodiesel from waste oils

BAGSVAERD, DENMARK: Novozymes announced the launch of Novozymes Eversa, the first commercially available enzymatic solution to make biodiesel from was ...

Read more
Showa Denko, UOP JV completes construction of high silica zeolite plant in Japan

TOKYO, JAPAN: Union Showa (USKK), a joint venture between Showa Denko (SDK) and UOP LLC (UOP), has completed the construction of a new high silica zeo ...

Read more
Solvay to increase resin production capacity in India

BRUSSELS, BELGIUM: Solvay is increasing resin production capacity at its plant in Panoli, Gujarat state in India, by 25 per cent to support strong dem ...

Read more