Aceto Establishes Chemical Manufacturing and R&D Capabilities in the U.S. Through Acquisition of IsleChem
PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--Dec 21, 2020--
Aceto, a leading global virtual manufacturer of specialty materials for life sciences and advanced technology end markets, announced today its acquisition of New York-based IsleChem. IsleChem’s technical, analytical and manufacturing expertise complements Aceto, and expands its value-added offering to customers.
The acquisition represents an important step in Aceto’s long-term growth strategy. By adding manufacturing expertise in the U.S., Aceto builds upon its robust global supply network focused in India and China to offer access to an increasingly diversified set of products and capabilities worldwide. IsleChem’s core business includes chemical manufacturing, contract research and development (R&D), analytical services, and technical and support services, which complement Aceto’s proven leadership in chemical sourcing, quality, and supply chain. The combination of Aceto and IsleChem enhances Aceto’s established reputation for providing specialty solutions to customers around the world.
“The COVID pandemic has reinforced that access to a diverse, secure supply chain and dependable manufacturing is essential to business continuity,” said Gilles Cottier, Chief Executive Officer of Aceto. “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.”
“IsleChem and Aceto share the same core value of highest quality service, and both companies are intently focused on meeting the needs of our customers,” said Pat Canavan, President of IsleChem. “Joining forces gives us access to Aceto’s experienced salesforce in the U.S. and Europe, which helps us to service additional markets and enhance our value to customers.”
Aceto expects to continue to expand the workforce at IsleChem’s facility in Grand Island, N.Y., and bolster capabilities through additional investment in operations.
For more information, please visit Aceto.com.
Founded in 1947, Aceto is a leading global virtual manufacturer supplying niche, differentiated specialty materials in life sciences and advanced technology end markets. With business operations in nine countries, Aceto distributes over 1,100 chemical compounds used principally by the pharmaceutical, nutraceutical, agricultural, and specialty chemical industries. Aceto’s global operations, including a significant staff on the ground in China and India, are distinctive in the industry and enable its worldwide sourcing and regulatory capabilities. www.aceto.com
Founded in 2001, IsleChem LLC provides its chemical products and services to the U.S. marketplace and to over 20 countries internationally. IsleChem’s core businesses include: Chemical Manufacturing; contract Research and Development (R&D); Analytical Services; and Technical and Support Services.
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CONTACT: Kate Blom-Lowery
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS HEALTH AUTOMOTIVE MANUFACTURING MANUFACTURING OTHER MANUFACTURING BIOTECHNOLOGY
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PUB: 12/21/2020 09:15 AM/DISC: 12/21/2020 09:15 AM