Aceto Files For Bankruptcy As It Offloads Rising And Chemicals Businesses

 
• By Dave Wallace

Struggling US firm Aceto has filed Chapter 11 bankruptcy petitions at the same time as agreeing to divest its chemicals business assets for US$338 million, with plans to also offload its Rising Pharmaceuticals unit.

Bankruptcy
Aceto has filed voluntary petitions under the US bankruptcy code • Source: Shutterstock

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