Aceto Strikes Deal To Offload Rising For Just US$15m

 
• By Dave Wallace

Aceto has struck a deal to sell its Rising Pharmaceuticals unit and related businesses to Shore Suven Pharma for US$15 million. The agreement comes shortly after Aceto agreed to divest its chemicals business assets for US$338 million after filing Chapter 11 bankruptcy petitions in the US.

Piggy bank
Aceto Will Gain US$15 million From The Deal • Source: Shutterstock

More from Strategy

More from Business