Novopor Advanced Science Private Limited, a Bain Capital portfolio company and a global performance chemicals and material science contract development and manufacturing organisation (CDMO), has announced the acquisition of FAR Chemical, a US-based leader in custom and complex specialty chemical manufacturing, from its parent CPS Performance Materials Group.

FAR Chemical specialises in serving high-value end markets including electronics, aerospace and defence, coatings and adhesives, and other specialty chemical applications. The acquisition marks a key milestone in Novopor’s strategy to build an integrated global specialty chemicals platform offering end-to-end solutions—from early-stage process development to commercial-scale manufacturing.

Presence in the US market

Novopor said the integration of FAR Chemical will strengthen its technical depth and significantly expand its presence in the US market. FAR Chemical’s expertise in differentiated and complex chemistries complements Novopor’s existing capabilities and enhances its ability to serve customers across attractive, high-growth sectors.

Commenting on the acquisition, Radhesh Welling, Managing Director of Novopor Advanced Science Private Limited, said FAR Chemical’s strong track record and technical capabilities make it a strategic fit with Novopor’s mission. “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,” he said.

Saahil Bhatia, Partner at Bain Capital, said the transaction reinforces Bain Capital’s commitment to building market-leading platforms through strategic acquisitions. “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,” he said.

Justin O’Connor, President of FAR Chemical, said the partnership with Novopor would enable continued investment in advanced capabilities while maintaining the highest standards of safety and operational discipline. “Joining Novopor enhances our ability to support customers seamlessly from development through commercial-scale manufacturing, while preserving our safety-first culture and commitment to technical excellence,” he said.

Backed by Bain Capital, Novopor Advanced Science has been pursuing targeted investments and acquisitions to expand its global footprint and technical portfolio. In 2025, the company acquired Pressure Chemical Company, a Pittsburgh-based specialist in high-pressure chemistry, further strengthening its development-to-manufacturing capabilities in the US. It has also inaugurated a state-of-the-art pilot plant facility in Visakhapatnam to bridge early-stage research and development with commercial-scale production across agrochemicals, performance materials and specialty chemicals.

KPMG acted as financial advisor to Novopor, with Alvarez & Marsal serving as technical advisors, while Honigman LLP, Khaitan & Co and Clifford Chance LLP provided legal counsel. Raymond James, Forvis Mazars and Thompson Hine LLP advised FAR Chemical on the transaction.

Novopor Advanced Science

Novopor Advanced Science expands US footprint with FAR Chemical acquisition