New Specialty Life Science Player Actylis Debuts
27.09.2022 - US specialty materials manufacturer Aceto and 10 other companies with business operations in North America, Europe, India and China have merged into a new cross-industry player called Actylis, under the umbrella of private equity investor New Mountain Capital.
The portfolio of the new enterprise is focused on 4,000 chemical compounds used principally by the pharmaceutical, nutritional, agricultural and specialty chemical industries.
The debut of the single-brand global specialty company on Sept. 26 marks the culmination of an “ambitious initiative to address the major unmet need for better and more dependable access to critical raw materials and performance ingredients essential for the manufacture of highly regulated products,” said Andre Moura, managing director at lead shareholder New Mountain Capital.
In 2019, Aceto agreed to sell its chemical assets and its generics subsidiary Rising Pharmaceuticals to New Mountain for $338 million. To facilitate the sale and satisfy debt obligations, the New Jersey-based company and its US subsidiaries filed voluntary petitions under Chapter 11 of the US bankruptcy code. Aceto’s foreign chemicals business subsidiaries were not included in the filing but were part of the sale.
In addition to Aceto, companies now part of Actylis include A&C and A&C Bio Buffer (excipients buffers, process solutions and raw materials for the biopharmaceutical sector); Biotron Laboratories (specialty ingredients for nutritional supplements); (Cascade Chemistry (APIs); Finar (excipients, lab chemicals, aquaculture inputs and food grade additives); Inter-Actifs (cosmetics and personal care); IsleChem (CDMO); Syntor Fine Chemicals, Talus (minerals) and Pharma Waldhof (APIs).
Most of the companies were acquired by Aceto in the recent past.
Actylis CEO Gilles Cottier, who formerly headed Aceto, said the merger unites multiple industry specialists with a wide range of capabilities into a “new global enterprise with a unique hybrid approach that is greater than the sum of its parts.”
This consolidation, Cottier added, enables the new company to offer customers across diverse locations and industries “highly flexible, customized solutions addressing their specific needs, while assuring reliable on-time delivery of the high-quality ingredients essential to their success.”
Author: Dede Williams, Freelance Journalist