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news.Aceto, a company in the sourcing, quality assurance, regulatory support, marketing and distribution of pharmaceuticals, nutraceuticals, specialty chemicals and crop protection products, has signed an asset purchase agreement to acquire select assets of Andrews Paper & Chemical (Andrews).
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Andrews Paper & Chemical is a supplier of diazos and couplers to the paper, film, and electronics industries. Specific end uses for its products include microfilm, whiteprint (“blueprints” with white backgrounds and blue lines), and photo tooling of printed circuit boards, all of which are new business areas to Aceto.
To aid in the transition, Harold Kroez, president of Andrews, will be joining Aceto as a consultant.
Vince Miata, president and CEO of Aceto, said: “We are very happy with the acquisition of Andrews Paper & Chemical that we have announced today. With the acquisition of Andrews, Aceto will add customers, products and market areas to our Specialty Chemicals segment.
“We believe that the Andrews business will fit in very nicely with our existing, successful, model and as such, we envision a smooth integration of their business into our Specialty Chemicals business.”