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Mergers & Acquisitions
Bankrupt Aceto to sell distribution and generics businesses
by Michael McCoy
February 23, 2019
| A version of this story appeared in
Volume 97, Issue 8
Aceto, a distributor of pharmaceutical ingredients and other chemicals and a maker of generic drugs, has declared bankruptcy and agreed to sell its distribution business to New Mountain Capital for $338 million. Aceto also wants to sell its generic-drug business, Rising Pharmaceuticals, which has been a financial burden on the company. New Mountain, a private equity firm, already owns the lab chemical and supplies distributor Avantor and the silicone chemicals producer Gelest.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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