April 13, 2019 – CIM Partners LLC has advised New Mountain Capital LLC, a leading alternative investment firm headquartered in New York, on its announced acquisition of the Chemicals Business (“Aceto” or the “Company”) of ACETO Corporation (OTC: ACETQ).
Headquartered in Port Washington, NY, Aceto is a leading virtual manufacturer engaged in the development, marketing, sale, and distribution of over 1,100 chemical compounds globally. Aceto has long been recognized as a leading partner to customers in the life sciences and specialty materials sectors. With over 25 years of experience operating globally, Aceto brings unique capabilities in sourcing niche, low volume, difficult-to-find products and insuring a high level of quality and reliability for its customers. Aceto’s local market knowledge, regulatory expertise, and logistical capabilities contribute to a compelling value proposition that generates long-term and collaborative customer relationships.
ACETO Corporation, incorporated in 1947, is focused on the global marketing, sale and distribution of Human Health products (finished dosage form generics and nutraceutical products), Pharmaceutical Ingredients (pharmaceutical intermediates and active pharmaceutical ingredients) and Performance Chemicals (specialty chemicals and agricultural protection products). With business operations in nine countries, ACETO distributes over 1,100 chemical compounds used principally as finished products or raw materials in the pharmaceutical, nutraceutical, agricultural, coatings and industrial chemical industries. ACETO’s global operations, including a staff of 25 in China and 12 in India, are distinctive in the industry and enable its worldwide sourcing and regulatory capabilities. For more information, visit www.aceto.com.
About New Mountain Capital
New Mountain Capital is a New York based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $20 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information, visit www.newmountaincapital.com.