Bercen Chemicals Acquired by Vertellus
Carter Morse & Goodrich ("CMG") is pleased to announce that it served as the exclusive financial advisor to Cranston Print Works ("CPW") in the divestiture of its Bercen Chemicals division to Vertellus, a global privately-held specialty chemical company.
Founded in 1958, Bercen was a division of Rhode Island based CPW, an employee owned company since 1987. Bercen is a leading US supplier of alkyl succinic anhydrides and additives used in the fuel, lubricant, and paper industries. Based in Denham Springs, Louisiana, Bercen supplies maleic anhydride derivatives primarily for paper sizing and other industrial applications.
Vertellus is a leading provider of specialty chemicals for the agriculture, nutrition, pharmaceutical, fine chemicals, medical, personal care, plastics, coatings and other industrial markets. Their products are used every day - toothpaste, deodorants, vitamins, pharmaceuticals, detergents, plastics, adhesives, inks, tires and more. Vertellus has more than 800 employees and 10 manufacturing plants around the world, including in the US, Europe, China and India
Carter Morse & Goodrich
Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that specializes in representing closely-held and family businesses valued between $20 million and $200 million. CMG specializes in helping owners of leading companies in unique and niche markets to plan, prepare, execute, and close successful transactions that maximize shareholder value. We fully understand and appreciate the unique dynamics of closely-held and family businesses and the importance of their legacies. While CMG provides a full range of investment banking services such as business sales and divestitures, equity and debt capital raises, acquisition services and pre-transaction advisory services, our primary focus is representing sellers who are pursuing their once-in-a-lifetime M&A transactions. For more than 30 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners. CMG's Broker/Dealer affiliate, Carter Capital Corporation, is a FINRA member firm registered with the SEC and SIPC. For more information, please visit us online at: www.cartermorse.com