Newark-based Jarchem Innovative Ingredients said Thursday that it was acquired by Vertellus, an Indianapolis manufacturer of specialty materials for various consumer goods, food, agriculture and health care markets.
Terms of the agreement were not disclosed.
Jarchem has a portfolio of proprietary, nature-based products that are increasingly popular as consumers demand all-natural alternatives. The company offers a range of alternatives for traditional esters, silicones and other products commonly used in personal care, food and specialty industrial markets, providing cleaner, greener formulations for its customers.
Jarchem brings to Vertellus an expanded global base of longstanding customers and a long-tenured management team with substantial technical expertise.
“Jarchem’s high-quality portfolio of nature-based ingredients and products is an exciting addition to Vertellus,” said John Van Hulle, CEO of Vertellus. “By extending our reach in high-growth specialty and personal care markets, together we will better serve our customers. We welcome the Jarchem team to the Vertellus family.”
“The Jarchem team is thrilled to partner with Vertellus to bring our compelling product portfolio to more customers around the world,” said Art Hein, managing director of Jarchem. “As consumers increasingly seek natural, healthy alternatives to conventional products, together our companies are well-positioned for long-term growth.”
Indianapolis-based Vertellus is owned by Pritzker Private Capital and management. Balmoral Advisors represented Jarchem on the transaction.
