Vertellus Specialties Announces Price Increases For N,N-Diethyl-m-Toluamide (DEET)
INDIANAPOLIS, Nov. 15, 2013 /PRNewswire/ -- Vertellus Specialties Inc., a leading specialty chemicals company, today announced price increases for N,N-Diethyl-m-Toluamide (DEET).
Effective Jan. 1, 2014, or as contracts allow, Vertellus is raising off-list prices on DEET by 10%. DEET is a well-known technical active ingredient in many consumer insect repellent products and valued for its ability to prevent bites from mosquitos when used properly and according to label instructions.
Mark Lewis, Sales Director, says, "Raw material costs have increased significantly over the last 24 months. So, in response, we are forced to pass these increased costs onto our customers and consumers."
About Vertellus Specialties Inc.
Vertellus is a specialty chemicals company focused on the manufacture of ingredients used in pharmaceuticals, personal care, nutrition, agriculture, and a host of other market areas affected by trends favoring "green" technologies and chemistries. Vertellus is the #1 global producer of pyridine and picolines, specialty pyridine derivatives, DEET, castor oil derivatives and systems, and a world leader in Vitamin B-3 and citrate polymer additives and systems. Vertellus benefits from a technically advanced global manufacturing base and has approximately 800 employees. Vertellus is headquartered in Indianapolis, Indiana.
SOURCE Vertellus Specialties Inc.