By: ICN Bureau
Last updated : January 22, 2026 9:38 pm
With FAR Chemical's deep technical knowledge, Novopor expands its reach in attractive markets and boosts its US capabilities
Novopor Advanced Science Private Limited, a global performance chemicals CDMO backed by Bain Capital, has acquired US-based specialty chemical manufacturer FAR Chemical from its parent company, CPS Performance Materials Group.
Novopor’s acquisition of FAR Chemical marks a strategic milestone in building an integrated, end-to-end specialty chemicals platform, spanning from early-stage development to commercial-scale manufacturing. By integrating FAR Chemical’s expertise in complex chemistries, Novopor strengthens its portfolio in attractive end markets while expanding its footprint in the US.
“FAR Chemical’s deep expertise in differentiated, complex chemistries and long track record of working with global performance chemical and material science companies make it a strategic fit with Novopor’s mission to drive innovation and deliver custom solutions. This acquisition enhances our ability to support a broader range of chemistries, accelerate time-to-market for new products, and strengthen our presence in key high-growth markets,” said Radhesh Welling, MD of Novopor Advanced Science Private Limited.
“FAR Chemical is a respected operator with a proven track record in complex specialty chemical manufacturing. The combination of FAR Chemical with Novopor strengthens the platform’s technical depth, geographic reach, and ability to support customers across the full product lifecycle. This investment underlines our continued commitment to building market-leading businesses through strategic acquisitions and operational excellence,” said Saahil Bhatia, Partner of Bain Capital.
“FAR Chemical and CPS Performance Materials have established a differentiated platform grounded in deep technical expertise, an uncompromising commitment to safety, and a strong track record of delivering innovative solutions for customers with unique and challenging development needs,” said Justin O’Connor, President of FAR Chemical.
“This partnership strengthens our ability to invest in advanced capabilities while maintaining the highest standards of safety and operational discipline and enhances our ability to support customers seamlessly from development through commercial-scale manufacturing. We are proud to join Novopor in building a platform defined by technical excellence, a safety-first culture, and an unwavering commitment to our customers.”
Novopor Advanced Science is actively executing a strategic growth plan focused on expanding its technical capabilities and global footprint through targeted acquisitions and infrastructure investment. In 2025, the company strengthened its US presence by acquiring Pressure Chemical Company (PCC), a Pittsburgh-based specialist in high-pressure chemistry and complex manufacturing.
Furthermore, Novopor opened a cutting-edge pilot plant in Visakhapatnam to streamline the transition from R&D to commercial manufacturing, speeding up innovation in specialty materials, performance chemicals, and agrochemicals.
KPMG served as financial advisors, Alvarez & Marsal served as technical advisors, and Honigman LLP, Khaitan & Co and Clifford Chance LLP served as legal advisors to Novopor. Raymond James, Forvis Mazars and Thompson Hine LLP served as advisors to FAR Chemical.