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Aceto’s Earnings Quadruple; New CEO Named

10:57 AM MDT | September 10, 2010 | Nancy Seewald

Specialty chemicals distributor Aceto (Lake Success, NY) reported net income of $4.2 million in its fiscal fourth quarter ended June 30, an increase of more than 300% over the same period last year. Sales rose 41%, to $105.8 million. Sales were particularly strong in Aceto’s crop protection business, which benefited from the addition of glyphosate to its product portfolio. Meanwhile, Aceto has elected Albert Eilender executive chairman and CEO effective immediately. Eilender, who had served as non-executive chairman since October 2009, replaces Vince Miata...

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