Vertellus Specialties Announces Acquisition of MGK(R) Insect Repellent
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<p><span class="xn-location">INDIANAPOLIS</span>, <span class="xn-chron">May 3</span> /CNW/ -- Vertellus Specialties Inc., a leading specialty chemicals company, today announced the acquisition of certain assets of the McLaughlin Gormley <span class="xn-person">King Company</span>'s (MGK®) insect repellent business.  Included in the acquisition are several MGK® insect repellent products including DEET, plus associated end-use formulations, product registrations, and customer lists.  The acquisition does not include any physical facility assets or personnel.</p>
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<p>"The strategic rationale driving this transaction is two-fold," said Rich Preziotti, President and CEO of Vertellus Specialties. "To begin with, the MGK® insect repellent line enhances Vertellus long-standing leadership position in DEET manufacture by adding new components like MGK® 326 and MGK® 2007 repellent concentrate to our list of active ingredients."</p>
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<p>"In addition, MGK's core strength in end-use formulations enhances our overall capabilities set," continued Preziotti. "This newly combined insect repellent business delivers more value and more choices to customers than ever before."</p>
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<p>"Divesting our insect repellent business allows MGK to focus its efforts on developing insect control solutions in support of its core products business," said MGK's <span class="xn-person">President Steve Gullickson</span>. "We will continue to bring value and support to our customers, but with a more unified approach."</p>
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<p>Vertellus manufactures DEET at their facility in <span class="xn-location">Greensboro</span>, North Carolina and will continue to do so after the transaction. Vertellus is working closely with MGK® to manage the transition and integration of all acquired assets into the Vertellus platform. In anticipation of the Northern Hemisphere's summer season, Vertellus and MGK® have pre-built a product inventory to complement Vertellus sizeable capacity for DEET production, ensuring a smooth transition and continuity of supply for customers around the world.</p>
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<p>DEET is the widely preferred active ingredient in insect repellent products due to its superior effectiveness and attractive cost.</p>
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<p>Both Vertellus and MGK® have been leaders in navigating the DEET regulatory landscape for many years. By merging MGK® and Vertellus repellent assets, Vertellus is well positioned to assist customers, particularly in the European Union, facing DEET-related regulatory challenges now and in the future.</p>
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    About Vertellus Specialties Inc.
    
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<p>Vertellus is a specialty chemicals company focused on the manufacture of ingredients used in pharmaceuticals, personal care, nutrition, agriculture, and a host of other market areas affected by trends favoring "green" technologies and chemistries.  Vertellus is the #1 global producer of pyridine and picolines, specialty pyridine derivatives, DEET, castor oil derivatives and systems, and citrate polymer additives and systems, and the world's #2 producer of Vitamin B-3.  Vertellus benefits from a technically advanced global manufacturing base and has approximately 700 employees.  Vertellus is headquartered in <span class="xn-location">Indianapolis</span>, Indiana.  For more information, visit <a href="http://www.vertellus.com">www.vertellus.com</a>.</p>
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    Contact:  Scott Smith
    Tel: 317-248-6517
    Website: www.vertellus.com






    

For further information: For further information: Scott Smith, +1-317-248-6517 Web Site: http://www.vertellus.com

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VERTELLUS SPECIALTIES INC.

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