Vertellus Specialties Announces Acquisition of MGK(R) Insect Repellent Business

INDIANAPOLIS, May 3, 2010 - Vertellus Specialties Inc., a leading specialty chemicals company, today
announced the acquisition of certain assets of the McLaughlin Gormley King
Company's (MGK(R)) insect repellent business. Included in the acquisition are
several MGK(R) insect repellent products including DEET, plus associated
end-use formulations, product registrations, and customer lists. The
acquisition does not include any physical facility assets or personnel.

"The strategic rationale driving this transaction is two-fold," said Rich
Preziotti, President and CEO of Vertellus Specialties. "To begin with, the
MGK(R) insect repellent line enhances Vertellus long-standing leadership
position in DEET manufacture by adding new components like MGK(R) 326 and
MGK(R) 2007 repellent concentrate to our list of active ingredients."

"In addition, MGK's core strength in end-use formulations enhances our
overall capabilities set," continued Preziotti. "This newly combined insect
repellent business delivers more value and more choices to customers than
ever before."

"Divesting our insect repellent business allows MGK to focus its efforts
on developing insect control solutions in support of its core products
business," said MGK's President Steve Gullickson. "We will continue to bring
value and support to our customers, but with a more unified approach."

Vertellus manufactures DEET at their facility in Greensboro, North
Carolina and will continue to do so after the transaction. Vertellus is
working closely with MGK(R) to manage the transition and integration of all
acquired assets into the Vertellus platform. In anticipation of the Northern
Hemisphere's summer season, Vertellus and MGK(R) have pre-built a product
inventory to complement Vertellus sizeable capacity for DEET production,
ensuring a smooth transition and continuity of supply for customers around
the world.

DEET is the widely preferred active ingredient in insect repellent
products due to its superior effectiveness and attractive cost.

Both Vertellus and MGK(R) have been leaders in navigating the DEET
regulatory landscape for many years. By merging MGK(R) and Vertellus
repellent assets, Vertellus is well positioned to assist customers,
particularly in the European Union, facing DEET-related regulatory challenges
now and in the future.

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 citrate polymer additives and systems, and the world's #2
producer of Vitamin B-3. Vertellus benefits from a technically advanced
global manufacturing base and has approximately 700 employees. Vertellus is
headquartered in Indianapolis, Indiana. For more information, visit
www.vertellus.com.

    Contact: Scott Smith
    Tel: +1-317-248-6517
    Website: www.vertellus.com

Scott Smith, +1-317-248-6517