Aceto Acquires Syntor Fine Chemicals
Aceto has acquired Syntor Fine Chemicals. According to Aceto, the acquisition is an important step in Aceto’s strategic growth plan.
“Syntor’s synthesis and formulation capabilities enhance Aceto’s existing services and expand our value-added offerings in life sciences materials. With the addition of Syntor’s technical team, we can provide greater product customization in addition to supplying our current offering of high quality, specialty materials,” said Gilles Cottier, chief executive officer of Aceto.
Syntor added that the companies are well aligned in their culture and drive to maximize value to customers through sourcing and development of complex chemistries.
“Syntor brings a portfolio of exciting, proprietary products, developed in-house for many blue-chip customers in the life sciences, pharmaceutical, agrochemical, aroma and electronics industries. We expect Syntor’s product leadership to accelerate as Syntor leverages Aceto’s global partnerships with customers and suppliers,” said Rakesh Sachdev, chairman of Aceto and senior advisor at New Mountain Capital.
According to the companies, Syntor will operate under the name “Syntor by Aceto,” and it is intended that all employees will be retained in their current roles. The combined entity will reportedly leverage the increased scale of Syntor and Aceto to provide enhanced value to customers.