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Latest Vertellus Specialties Inc. Stories

2010-10-27 10:21:00

INDIANAPOLIS, Oct. 27 /PRNewswire/ -- Vertellus Specialties Inc. (the "Company"), a leading specialty chemicals company, today announced that the Company will host a conference call to discuss its third quarter 2010 financial results for the period ended September 30, 2010 on Thursday, November 4 at 10 AM ET. Hosting the call will be Richard Preziotti, President and Chief Executive Officer, and Philip Gillespie, Chief Financial Officer. The earnings statement will be available on the...

2010-10-04 11:11:00

INDIANAPOLIS, Oct. 4 /PRNewswire/ -- Vertellus Specialties Inc. (the "Company") announced today that it completed two financing transactions on September 30, 2010 which refinance its outstanding debt. The Company closed its offering of $345 million in aggregate principal amount of 9.375% senior secured notes due 2015 at a price of 100% of their face value in an offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933. The notes mature on October 1, 2015, and are...

2010-06-07 08:00:00

INDIANAPOLIS, June 7 /PRNewswire/ -- Vertellus Specialties Inc. ("Vertellus" or the "Company") announced today that it will break ground on a new 3-cyanopyridine production unit at Vertellus' production facility in Nantong, Jiangsu, China. This unit is a continuation of a larger effort to expand production capacity in Nantong. It will increase Vertellus' Vitamin B3 manufacturing capacity in the region by 10,000 metric tons. The capacity increase will enable Vertellus to maintain its...

2010-05-03 14:19:00

INDIANAPOLIS, May 3 /PRNewswire/ -- Vertellus Specialties Inc., a leading specialty chemicals company, today announced the acquisition of certain assets of the McLaughlin Gormley King Company'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...

2010-03-15 09:38:00

INDIANAPOLIS, March 15 /PRNewswire/ -- Vertellus Specialties Inc., a leading specialty chemicals company, today announced plans to expand significantly its manufacturing capacity of Vitride® reducing agent in response to growing worldwide demand. This increased manufacturing capacity is scheduled to be operational in June 2010 through an expedited development project conducted at the Company's Vitride® manufacturing facility in Zeeland, Michigan. These...

2009-09-02 08:00:00

INDIANAPOLIS, Sept. 2 /PRNewswire/ -- Vertellus Specialties Inc., a leading specialty chemicals company, today announced that, effective October 1, 2009, it would increase the price of its Vitride(R) reducing agent by 50 cents per kg for all non-contract customers or as existing contracts permit. The price increase will enable Vertellus to continue to invest in expanding global supply for the high performance, reducing agent. Vertellus is planning a substantial expansion of capacity to...

2009-07-20 13:47:00

INDIANAPOLIS, July 20 /PRNewswire/ -- Vertellus Performance Materials Inc. ("Vertellus"), an affiliate of Indianapolis-based Vertellus Specialties Inc., a leading specialty chemicals company, has announced the acquisition of certain assets of Degen Oil & Chemical Company ("Degen"), effective July 1, 2009. Vertellus has a targeted focus in the coatings, inks, adhesive and sealants markets and is a recognized, leading producer and innovator of blown oils and castor oil-based specialty...

2008-12-03 12:24:00

INDIANAPOLIS, Dec. 3 /PRNewswire/ -- Vertellus Specialties Inc., a leading specialty chemicals company, today announced a price increase of 15-20% effective January 1, 2009 for 2-vinylpyridine monomer sales to all non-contract customers. The price increase is necessary to continue the company's investment in production capacity and to provide better supply chain logistics to its global customers. About Vertellus Specialties Inc. Vertellus is a specialty chemicals company focused on the...

2008-09-29 09:00:49

INDIANAPOLIS, Sept. 29 /PRNewswire/ -- Vertellus Specialties Inc. (Vertellus) today announced plans to expand its vitamin B3 manufacturing capacity in Nantong, Jiangsu, China. Given the growing need for vitamins related to animal and human nutrition in the Chinese and Asian markets, Vertellus has developed an aggressive strategic plan to increase its presence in the region. As part of this plan, Vertellus is proceeding with the engineering and permitting work to build a 3-cyanopyridine...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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