MOSCOW (MRC) -- Aceto says it has acquired IsleChem (Grand Island, New York), a contract manufacturer and R&D organization. Terms of the transaction, including purchase price, were not disclosed, reported Chemweek.
The deal adds to Aceto’s capabilities in chemicals sourcing, quality and supply chain.
“The COVID-19 pandemic has reinforced that access to a diverse, secure supply chain and dependable manufacturing is essential to business continuity,” says Aceto CEO Gilles Cottier. “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.”
Aceto says it will invest in IsleChem’s operations, including expanding the business’ workforce.
As MRC informed before, chemical production in the US increased 0.4% on a sequential three-month-moving-average (3MMA) basis in November, according to the American Chemistry Council’s (ACC). This follows a 1.1% gain in October, and 0.6% gain in September. Improvement was evident in most chemical end sub-sectors, including fertilizers, synthetic dyes and pigments, chlor-alkali, and inorganic chemicals, although gains eased in coatings, adhesives, crop protection chemicals, and some other sectors. Chemical production also increased in all regions of the country.
We remind that Russia's output of chemical products rose in October 2020 by 7.2% year on year. At the same time, production of basic chemicals grew in the first ten months of 2020 by 6.3% year on year, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-October output. October production of polymers in primary form grew to 857,000 tonnes from 852,000 tonnes in September. Overall output of polymers in primary form totalled 8,340,000 tonnes over the stated period, up by 17% year on year.
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