Vertellus Announces Price Increases for DEET
INDIANAPOLIS, May 4, 2011 /PRNewswire/ — Vertellus Specialties Inc., a leading specialty chemicals company, today announced price increases for DEET (n,n-diethyl-tolouamide). Effective June 1, 2011 or as contracts will allow, Vertellus is raising DEET prices by 12%. The move is being driven by rapidly increasing up-stream raw material prices based on crude oil including meta-tolouic acid and metaxylene.
About Vertellus Specialties Inc.
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 Indianapolis, Indiana.
Contact: Scott Smith
SOURCE Vertellus Specialties Inc.