Member Article

North West Clearwater International advises on sale of Pentagon Chemical Holdings

Widnes-based Pentagon Chemical Holdings, the UK chemical manufacturer, has been acquired by US-group Vertellus in a deal advised by mid-market advisory firm Clearwater International.

Pentagon has been producing fine chemicals and intermediates for the crop chemicals, oilfield, paper and pharmaceutical industries since 1939 on its Widnes-based site and since 1975 on its Workington site.

They have a turnover of £50 million and 180 employees.

Vertellus Specialties is a US manufacturer of speciality chemicals for the agriculture, coatings, medical, nutrition, personal care, pharmaceuticals and plastic industries.

The Indiana-based business is backed by US private equity firm Wind Point Capital Partners, which acquired Vertellus in 2007.

This acquisition allows Vertellus to continue expanding its range of specialty chemicals and provide the company with the capability to enhance its UK plant, significantly increasing market share across Europe.

Clearwater International advised the shareholders of Pentagon Chemicals on the sale of the company.

Constantine Biller, partner at Clearwater International, said: “Vertellus’ acquisition of Pentagon is a fantastic achievement for the company’s shareholders.

“Pentagon’s key position in the industry makes it a great strategic deal for the US group.

“Pentagon will expand Vertellus’ manufacturing footprint and add additional, high-value chemistries to its portfolio. This transaction also allows Pentagon to move to the next stage in its already firm position in the market.”

This was posted in Bdaily's Members' News section by Sophia Taha .