Vertellus will operate much as it does today under the new ownership and Board structure. The Company will continue to execute on its current business strategy with an unwavering focus on safety, quality, growth and productivity. It will remain in its Indianapolis headquarters, continue producing in all of its plants and be led by the current management team.
Vertellus Performance Chemicals, the sodium borohydride (SBH) business, is also expected to operate as usual. The business will continue to be owned by Wind Point Partners and receive the same support services from Vertellus Specialties Inc.
Vertellus Specialties Inc. is advised in this transaction by DLA Piper, Jefferies and FTI Consulting. The lenders are advised in this transaction by Milbank, Tweed and Moelis & Company.