Materials firm Vertellus has acquired Polyscope Polymers BV, a Dutch producer of styrene maleic anhydride (SMA) resins.
In a Jan. 31 news release, officials with Vertellus in Indianapolis said that adding Polyscope's product portfolio and manufacturing capabilities will allow their firm to expand its European production capabilities and its reach in high-growth end markets.
Polyscope, based in Geleen, Netherlands, makes SMA copolymers for use in electronic, automotive and specialty coatings and ink markets. The firm operates a production site in Geleen and serves more than 300 customers in more than 35 countries.
In the release, Polyscope CEO John Van Hulle said that Polyscope "adds a complementary portfolio of high-quality solutions, a track record of innovation and a world-class global platform in attractive end markets to Vertellus."
"This highly strategic acquisition strengthens Vertellus' global platform and positions the combined company for growth," added Thomas Chadwick, principal at Pritzker Private Capital of Chicago. Pritzker owns Vertellus along with company management.
Vertellus operates 10 global plants and generates about 20 percent of its sales from the plastics market, making products such as Zemac-brand copolymer additives and Citroflex-brand bioplasticizers.
Pritzker invested in Vertellus in January 2021. The firm's other holdings include major plastics firms Plaskolite LLC of Columbus, Ohio; ProAmpac of Cincinnati; and Technimark LLC of Asheboro, N.C.