In 1999, CVC Funds acquired a minority stake in Verdugt. Verdugt manufactures organic salts and acid blends and distributes them to the food, agricultural, chemical and pharmaceutical industries. In the first quarter of 2004, CVC Funds acquired the remaining stake of Verdugt.
The company supplies diverse markets, including the pharmaceutical, animal feed and food industries, and has leading market positions in more than 100 countries worldwide.
In 2005, Verdugt was successfully sold to Kemira, a Finnish chemicals conglomerate focused on serving customers in water-intensive industries.