INDIANAPOLIS--(BUSINESS WIRE)--Vertellus, a manufacturer of specialty products for consumer goods, food & agriculture, healthcare, and industrial markets, today announced the completion of its acquisition of IM Chemicals, the intermediates and specialties division of ESIM Chemicals and a leading provider of specialty chemical products serving the pharmaceutical, coatings, and fuel & lubricant markets.
Indianapolis-based Vertellus Specialties Inc. has announced a reduction in its work force. In a notice to the state, the chemical manufacturing company said it is closing a portion of its Indianapolis plant, which will lead to the layoffs of 40-50 employees.
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