A developer and manufacturer of fine chemicals based in Cheshire has been bought by US giant Aceto Chemicals.
Runcorn-based Syntor Fine Chemicals has been acquired by the leading global virtual manufacturer supplying niche, speciality materials in life sciences and advanced technology markets.
Aceto, which was acquired by New York-based investment firm New Mountain Capital in April last year, has operations in nine countries.
New Mountain Capital now has over $20bn in assets under management.
Syntor was established in 2004 and was privately owned by shareholders, Simon Knowles and Andy Kellett.
Audit, tax and consulting firm RSM advised on the sale to Aceto, which distributes over 1,100 chemical compounds used principally by the pharmaceutical, nutraceutical, agricultural, and specialty chemical industries.
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RSM’s team was led by corporate finance partner John Gillibrand with support from Nick Wyatt and James Jarvis. Ward Hadaway acted as legal advisors led by Melanie Yeomans and supported by Mona Mojtabavi and Hollie Walsh.
John Gillibrand, corporate finance partner at RSM said: “Having worked closely with Simon and Andy since advising them on their MBO in 2016, I was delighted that we could help them to achieve this result and complete our third deal in the chemicals sector in recent months.”