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New owner for GL Chemtec

Edgewater Capital Partners, a lower middle-market private equity firm which has made previous investments in life Sciences and pharma services, has acquired GL Chemtec of Oakville, Ontario, a CRO which offers chemistry R&D and scale-up services to support API development, plus advanced materials for drug delivery, medical devices and other life science applications. No financial details were disclosed.

Ascensus to buy Callery

Ascensus Specialties, which claims to be the largest global producer of dry and liquid sodium borohydride (SBH), has agreed to acquire Callery from private equity firm, Edgewater Capital.
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