Novopor Advanced Science Private Limited, backed by Bain Capital, has acquired FAR Chemical to enhance its specialty chemical platform and expand its presence in the U.S. market.

Information on the Target

FAR Chemical, founded in 1982 and based in Palm Bay, Florida, is a leader in custom and complex specialty chemical manufacturing. The company has over four decades of experience in providing high-quality specialty and fine chemical products and services across various industries, including pharmaceuticals, advanced materials, coatings and adhesives, electronics, and industrial specialties. FAR Chemical is particularly renowned for its expertise in complex and hazardous chemistry, custom and toll manufacturing, chemical development, repackaging, and analytical support.

This acquisition by Novopor Advanced Science Private Limited marks a significant step in FAR Chemical's strategic positioning, as it aligns with Novopor’s goal of expanding its integrated specialty chemical platform. FAR Chemical’s capabilities in specialty chemicals are expected to enhance Novopor's service offerings and increase its market presence.

Industry Overview in the Target’s Specific Country

The specialty chemicals industry in the United States is a key component of the overall chemical sector, which is vital to the nation’s economy. With an increasing emphasis on innovation and sustainability, the U.S. specialty chemicals