PORT WASHINGTON, N.Y.– Aceto, a leading global provider of specialty materials for life sciences and advanced technology end markets, announced today the acquisition of a majority stake in Finar Limited. Finar is a leading manufacturer, supplier, and distributor of pharmaceutical excipients, lab chemicals, aquaculture inputs, and food grade additives. The acquisition complements Aceto’s growth strategy, enhancing and expanding the company’s manufacturing footprint, R&D capabilities, and quality expertise.
“We are excited to bring together Finar and Aceto to give customers of both companies more solutions to support their supply chains globally,” said Gilles Cottier, CEO of Aceto. “With the Finar team’s help, we continue to strengthen our manufacturing expertise and expand our product offerings for the pharmaceutical, biopharmaceutical, and vaccine end markets.”
Finar manufactures high quality pharma ingredients including GMP/Pharma grade solvents, advanced intermediates, and GMP excipients used in both small and large molecule applications. Finar provides customers complete regulatory & documentation support including Drug Master Filing and has a strong R&D team with expertise in developing specialized excipients for complex formulations. The company is based in Ahmedabad, India.
“We’re weaving together an exciting story of growth with the acquisition of organizations that not only enhance our R&D and manufacturing capabilities but also align with our customer centric philosophy,” added Gilles Cottier. “Finar’s established reputation as a partner and supplier to the global pharma industry, and commitment to producing high quality products, mirrors Aceto’s guiding business principles and is complementary to our other recent acquisitions of Syntor, A&C and IsleChem.”
“We live by our motto of consistently providing customers high-quality products and exceeding their expectations,” said Amit Maheshwari, CEO of Finar Limited. “Both Finar and Aceto create long-term relationships with customers by providing best-in-class customer service and treating each customer with integrity and respect. These attributes are an important part of our company culture and we appreciate that Aceto shares this business philosophy. We look forward to providing our combined customers with access to our manufacturing expertise and diversified product portfolio.”
Aceto will continue to support Finar’s manufacturing facilities and offices in India.
Lincoln International acted as the exclusive financial advisor to Finar and its shareholders.