ACETO Appoints Carlos Restrepo to Lead Performance Chemicals

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PORT WASHINGTON, N.Y., Feb. 26, 2014 (GLOBE NEWSWIRE) -- ACETO Corporation (Nasdaq:ACET), a global leader in the marketing, sale and distribution of products for Human Health, Pharmaceutical Ingredients and Performance Chemicals, today announced that it has appointed Carlos Restrepo as Senior Vice President, Performance Chemicals, effective February 24, 2014. Mr. Restrepo will report directly to Salvatore J. Guccione, CEO of ACETO.

"Carlos is a proven senior-level chemical executive with extensive international sales, marketing and management experience," said Mr. Guccione. "Carlos has previously led the operations of several chemical businesses in the United States, Germany, Singapore and Mexico. We believe that this deep experience makes him ideally suited to lead ACETO's Performance Chemicals team."

Mr. Restrepo, 51, spent eighteen years at International Specialty Products ("ISP"), now part of Ashland Inc., where he held various positions of increasing responsibility. Most recently, he served as Vice President, Intermediates and Solvents, leading the division's global business operations. Prior to this role, Mr. Restrepo spent almost seven years as Senior Vice President & General Manager, Industrial Chemicals and Elastomers, responsible for all aspects of the business. That role followed a four-year assignment in Germany as Vice President, Global Sales and Marketing, Industrial Chemicals. Earlier in his tenure at ISP, Mr. Restrepo also directed chemical businesses in Mexico and Singapore. Prior to ISP, he worked for ten years at Huntsman/Texaco Chemical and Dow Chemical in various sales, marketing and general management roles.

ABOUT ACETO

ACETO Corporation, incorporated in 1947, is a global leader in the marketing, sale and distribution of products for Human Health (finished dosage form generics and nutraceutical products), Pharmaceutical Ingredients (pharmaceutical intermediates and active pharmaceutical ingredients) and Performance Chemicals (specialty chemicals and agricultural protection products). With business operations in nine countries, ACETO distributes over 1,100 chemical compounds used principally as finished products or raw materials in the pharmaceutical, nutraceutical, agricultural, coatings and industrial chemical industries. ACETO's global operations, including a staff of 25 in China and 12 in India, are distinctive in the industry and enable its worldwide sourcing and regulatory capabilities.

CONTACT: Investor Relations Contact: LHA Jody Burfening jburfening@lhai.com (212) 838-3777

Source:ACETO Corporation