Aceto has acquired Syntor Fine Chemicals. The acquisition of Syntor is an important step in Aceto’s strategic growth plan. Syntor’s synthesis and formulation capabilities will enhance Aceto’s existing services and expand its value-added offerings in life sciences materials.
The partnership creates significant cross-sell opportunities that benefit customers and supply partners to both businesses.
Aceto to Provide Greater Product Customization
With the addition of Syntor’s technical team, Aceto can provide greater product customization in addition to supplying current offering of high quality, specialty materials.
Next Stage of Growth for the Combined Company
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We are very pleased and excited about our partnership with Aceto,” said Simon Knowles, managing partner of Syntor
. “The two companies are well aligned in their culture and drive to maximize value to customers through sourcing and development of complex chemistries. We believe Syntor will thrive with the support of Aceto’s global infrastructure and we look forward to contributing to the next stage of growth for the combined company.”
Rakesh Sachdev, chairman of Aceto and senior advisor at New Mountain Capital, added, “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.”
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 leverage the increased scale of Syntor and Aceto to provide enhanced value to customers.
Source: Aceto