PORT WASHINGTON, N.Y., May 5, 2011 (GLOBE NEWSWIRE) -- Aceto Corporation (Nasdaq:ACET), a global leader in the sourcing, quality assurance, regulatory support, marketing and distribution of pharmaceuticals, nutraceuticals, specialty chemicals and crop protection products, today announced that Salvatore Guccione has been elected to the Company's Board of Directors.
Albert Eilender, Chairman and CEO of Aceto, commented "We are pleased to have Sal become a member of our Board of Directors. With almost 25 years of investing and operating experience in the specialty chemicals and healthcare industries we believe Sal will prove to be a valuable addition to our Board."
Mr. Guccione currently serves as an Operating Partner at Arsenal Capital Partners, a private equity investment firm based in New York. As Operating Partner, he is responsible for setting the strategy for, and executing upon, strategic acquisitions in the specialty chemicals and pharmaceutical product or service sectors.
Mr. Guccione's career includes almost twenty-five years of investing and operating experience in the specialty chemicals and healthcare industries. He has spent most of those years in senior level management positions with three US-based, international manufacturing and service companies – WIL Research Laboratories, Cambrex Corporation and International Specialty Products. He has been instrumental in planning, building and managing several specialty chemical and pharmaceutical/FDA-regulated businesses in active pharmaceutical ingredients, pharmaceutical research services and biotechnology products/services. Mr. Guccione holds a Bachelor degree in Chemical Engineering from Lehigh University and an MBA in Finance from New York University's Stern School of Business.
Aceto Corporation, incorporated in 1947, is a global leader in the sourcing, quality assurance, regulatory support, marketing and distribution of pharmaceuticals, nutraceuticals, specialty chemicals and crop protection products. With business operations in ten countries, Aceto distributes over 1000 chemical compounds used either as principal raw materials or as finished products in the pharmaceutical, agricultural, surface coating/ink and general chemical consuming industries. Aceto's global operations, including a staff of 26 in Shanghai and 12 in India are distinctive in the industry and enable its worldwide sourcing and regulatory capabilities. (ACET-F)
CONTACT: Theodore Ayvas Director of Corporate Communications & Investor Relations Aceto Corporation (516) 627-6000 www.aceto.com