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Outsourcing

Kingchem acquires U.S. manufacturing assets

by Rick Mullin
November 2, 2018 | A version of this story appeared in Volume 96, Issue 44
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The custom chemical maker Kingchem Life Science has acquired Apiscent Labs, a Milwaukee-area fragrance and pharmaceutical chemical company. Kingchem bought the firm out of receivership with a bid of $1.2 million. Kingchem is based in the U.S. but does its manufacturing and R&D in China. The company is acquiring U.S. assets at a time when several drug service firms in Europe and Asia have done the same, including China’s Porton Pharma Solutions, which acquired J-Star Research last year.

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