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The virtual manufacturer and distributor of specialty materials acquired the NY-based company, adding analytical and manufacturing expertise.
Aceto, a global virtual manufacturer and distributor of specialty chemicals, has acquired NY-based IsleChem, which offers chemical manufacturing, contract research and development, analytical, and technical and support services. Aceto, whose global supply network is focused in India and China, plans to keep IsleChem’s facility in Grand Island, NY, and to invest in its operations.
“The COVID-19 pandemic has reinforced [the message] that access to a diverse, secure supply chain and dependable manufacturing is essential to business continuity,” Gilles Cottier, Aceto’s chief executive officer, commented in a press release issued on Dec 21, 2020. “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 commercialization and full-scale production,” Cottier said in the release.
“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, in the press release. “Joining forces gives us access to Aceto’s experienced salesforce in the US and Europe, which helps us to service additional markets and enhance our value to customers.”