Aceto agrees to sell chemicals business to private equity as part of bankruptcy deal

摘要

Aceto has agree to sell its chemicals unit, a maker of agchems, additives, and dyes, to private equity frm New Mountain Capital for $338 million as part of a voluntary Chapter 11 bankruptcy restructuring. The deal is a “stalking-horse” asset purchase agreement, which establishes New Mountain’s ofer as a foor in bidding for the chemicals business, but other bids may emerge.