Acquisition increase capabilities in high-pressure chemistry and complex specialty manufacturing, improving development to-scale offering
Novopor improved Science Private Limited, a overall performance chemical and material science CDMO, these days introduced its acquisition of Pressure Chemical Company (Pressure Chemical), an associate of the Minafin Group and a leading provider of high-pressure and chemistry chemistry services. The financial terms of the transaction were not disclosed.
The acquisition is a vast step in Novopor’s strategy to build an incorporated speciality chemical platform by platform by means of mixing early-stage development capabilities with huge-scale production. The partnership will help persisted investment in increasing Novopor’s facility footprint, improving technical skills, and presenting customers with seamless get access of fine and specialty chemical production at scale.
Founded in 1964 and founded in Pittsburgh, Pennsylvania, Pressure Chemical brings more than 6 decades of experience in high-pressure chemistry, polymerization, and alkoxylation. The enterprise gives technique development, piloting, and low-quantity, high-value production, with a sturdy track report of solving complicated technical dhallenges.
“This acquisition strengthens our capacity to help customers throughout the overall development lifecycle—from early-level invention via to commercial production,” stated Radhesh Welling, CEO of Novopor Advanced Science Private Limited. “Pressure Chemical brings deep technical expertise, a extraordinarily skilled team, and strong customer relationships which can be highly complementary to our platform. Together, we can put fundings into increasing our facility footprint, improving our capabilities in complex chemistries, and create seamless access to big-scale fine and specialty production. This is an essential leap forward in constructing a differentiated, excessive-effect platform for our global customers.”
“Pressure Chemical and Minafin have constructed a robust foundation, identified for our collaborative and developing solutions for customers with complicated development demands,” stated Sandra Cernick, President of Pressure Chemical. “This new partnership allows us to further invest in our people, facilities, and skills even as increasing our capability to guide clients development and scale-up through commercial production. We’re excited to enroll in Novopor in creating a platform focused on technical excellence and customer focus.”
KPMG, PwC, and Wombat Capital Markets LLC served as financial advisors, and Honigman LLP, JSA and Clifford Chance LLP served as legal advisors to Novopor. Fairmount Partners, Mazars and Pierre Abitbol served as advisors to Pressure Chemical Company.
