Novopor Acquires FAR Chemical to Bolster US Presence and Specialty Chemicals Platform
Novopor Advanced Science, backed by Bain Capital, has acquired US-based specialty chemical manufacturer FAR Chemical from CPS Performance Materials Group. This strategic move integrates FAR Chemical's expertise in complex chemistries, strengthening Novopor's portfolio, expanding its US footprint, and accelerating time-to-market for new products. This acquisition is part of Novopor's larger strategic growth plan, which also included the acquisition of Pressure Chemical Company in 2025 and opening a pilot plant in Visakhapatnam.
Novopor Advanced Science Private Limited, a global performance chemicals CDMO supported by Bain Capital, has strategically acquired FAR Chemical, a US-based specialty chemical manufacturer previously owned by CPS Performance Materials Group. This acquisition is a significant milestone for Novopor, aiming to build an integrated, end-to-end specialty chemicals platform that covers everything from early-stage development to commercial-scale manufacturing. By incorporating FAR Chemical's deep technical knowledge in complex chemistries, Novopor significantly strengthens its product portfolio in attractive markets and enhances its capabilities within the United States.Radhesh Welling, MD of Novopor, emphasized that FAR Chemical's expertise and track record with global performance chemical companies align perfectly with Novopor's mission to innovate and deliver custom solutions. He highlighted that the acquisition will broaden Novopor's support for diverse chemistries, expedite new product launches, and fortify its presence in key high-growth markets. Saahil Bhatia, Partner at Bain Capital, reiterated the investment's role in deepening the platform's technical strength, expanding its geographic reach, and supporting customers throughout the entire product lifecycle.This move is consistent with Novopor's aggressive strategic growth plan, which includes expanding its technical capabilities and global footprint through targeted acquisitions and infrastructure investments. Previous actions include the 2025 acquisition of Pressure Chemical Company (PCC) in Pittsburgh and the establishment of a state-of-the-art pilot plant in Visakhapatnam to streamline R&D to commercial manufacturing transitions. Various advisory firms, including KPMG and Honigman LLP, facilitated the acquisition for Novopor, while Raymond James advised FAR Chemical.
