IHS Chemical Week

People & Business :: Companies

Vertellus: Building on Strengths

9:17 AM MDT | July 27, 2007 | Nancy Seewald

It has been about six months since Reilly Industries and Rutherford Chemicals were combined to form Vertellus Specialties (Indianapolis), and in that time Vertellus has completed integration of the two businesses and expects annualized cost savings of about $15 million, says Timothy Zappala, president and CEO of Vertellus, and former CEO of Rutherford. Vertellus is owned by private equity firm Arsenal Capital Partners (New York), which acquired Reilly in 2005 and Rutherford in 2003 as part of a strategy to invest in “niche companies that benefit from...

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