"The acquisition also provides us with a strong foundation to better serve the global fuel and lubricant additives market"

divested its Bercen division to

Business Description


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 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. Vertellus products are in items 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.

"This transaction is a terrific outcome for all our stakeholders," noted Fred Rockefeller, Cranston's Chairman. Vertellus' investment in Bercen will enhance the prospects for continued expansion at this strategic Louisiana site while also serving to secure the pension and ESOP benefits for all the company's current and former employee-owners.

"This acquisition expands the range of products that Vertellus is able to offer to the North American market and is extremely complementary with Vertellus' current capabilities" said Jim Elliott, General Manager of Vertellus' Anhydrides & Specialties business. "The acquisition also provides us with a strong foundation to better serve the global fuel and lubricant additives market".

Frank Morse, Managing Director of CMG, explained, "CPW has been a valued client for over 15 years and the divestiture of the Bercen division is an important transaction in maximizing and monetizing shareholder value for this employee-owned company. It has been an honor and privilege to assist CPW and the Bercen management team over the years."    

Other transaction advisors for Bercen include Steven M. McInnis, Esq who served as the company's legal advisor, River & Mercantile, who served as pension advisors and Sansaveri, Kimball CPA, who are the company's tax advisors.


Contact us to learn more about this transaction.

Click here to learn more about CMG’s Fuel & Retail Gas Advisory team.

More transactions >
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Join Our Mailing List

For more than three decades, Carter Morse & Goodrich has excelled at maximizing shareholder value for our clients and leading transactions through to successful completion.

Please enter your information below to receive email updates
from Carter Morse & Goodrich.