ACETO Corp (ACET), Verdezyne Enter BIOLON DDDA Distribution Agreement

October 5, 2016 8:04 AM EDT

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Verdezyne Inc. and Aceto Corporation (ACET) announced an agreement for sales and distribution of Verdezyne's BIOLON DDDA (biobased dodecanedioic acid). BIOLON DDDA will be produced by Verdezyne and will be distributed in the United States of America by Aceto.

Verdezyne's BIOLON DDDA is produced more sustainably than traditional petroleum-derived intermediate chemicals and will be used to make a variety of end-user products including automotive parts, coatings, cosmetics, and fragrances.

"The market is interested in high-quality renewable chemicals such as our BIOLON, which can be used in the production of high-performance nylon 6,12, molding resins, lubricants, adhesives and powder coatings," said E. William Radany, Ph.D., president and CEO of Verdezyne. "We are excited to bring BIOLON to the U.S. market with Aceto, a highly respected distributor of specialty chemicals. We are certain that through this partnership we will be able to continue to provide excellent customer service and high-quality products to the market."

"Aceto is very excited to add BIOLON to our product offering of polymer building blocks," commented Keith Wilkinson, vice president, specialty chemicals Aceto. "We are also excited to add a biobased product to our portfolio that can be offered at competitive prices."

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