Ascensus Specialties, a U.S. based provider of specialty materials for life sciences and technology markets, has purchased Wychem Limited.
Wychem is a UK based manufacturer of fine chemicals for pharmaceutical and specialty applications. The deal is intended to expand and complement Ascensus’ capabilities and reinforce the firm’s focus in the pharmaceutical sector. Wychem manufactures starting materials and multi-step intermediates for the synthesis of pharmaceutical API’s using the firm’s own process technology.
“We are proud of Wychem’s reputation for quality and customer service, and its emergence as a leading European, independent fine chemical manufacturer,” said David Bush, general manager of Wychem. “We are delighted to bring our unique capabilities to Ascensus and believe the combination will expand our customer relationships worldwide.”