Ascensus Specialties announced its acquisition of Wychem Limited, a UK-based manufacturer of fine chemicals for pharmaceutical and specialty applications. This transaction complements Ascensus’ existing capabilities and reinforces the Company’s focus on servicing the pharmaceutical sector.
“Wychem is an exciting addition to Ascensus and aligns with our commitment to serving the pharmaceutical space,” said Mike Huff, Chief Executive Officer of Ascensus. “It is a nimble, highly customer-centric organization with deep relationships across its global customer base of CDMO, pharmaceutical, and other specialty customers. The company’s consistent growth and reliable supply to customers throughout the COVID-19 pandemic reflect its excellent reputation for service and quality. Wychem enhances our growing European manufacturing footprint and commercial presence, continuing to increase our offerings to our customers globally.”
Using its own process technology, Wychem manufactures starting materials and multi-step intermediates for the synthesis of pharmaceutical APIs and other advanced technology applications. Wychem manufactures over 1,000 products and specializes in the production of aromatic compounds and halogenation.
“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.”
Ascensus will continue to support Wychem’s manufacturing facility and offices in the UK. Financial terms were not disclosed.
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