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Acquisition grows company's chemical manufacturing and R&D network
Aceto, a virtual manufacturer of specialty materials for the life sciences and advanced technology end markets, has acquired New York-based IsleChem. The latter's specializations include chemical manufacturing, contract research and development, analytical services, and technical and support services. Founded in 1947, Aceto distributes over 1,100 chemical compounds used principally by the pharmaceutical, nutraceutical, agricultural, and specialty chemical industries.
The company says its deal with IsleChem is a part of its strategy for long-term growth. By adding manufacturing expertise in the US, Aceto boosts its global supply network that is mainly focused in India and China. Agreements like these, CEO Gilles Cottier said, have become increasingly important amid the coronavirus crisis.
“The Covid pandemic has reinforced that access to a diverse, secure supply chain and dependable manufacturing is essential to business continuity,” he said. “This acquisition adds manufacturing and R&D capabilities to enhance Aceto’s already robust supply network. IsleChem is poised for facility expansion to service growing market demand, allowing the combined company to support more of our customers’ needs, from development through to commercialization and full-scale production.”