Novopor Advanced Science Private Limited, a Bain Capital portfolio company and a global performance chemicals and material science CDMO, announced the acquisition of FAR Chemical, a US-based leader in custom and complex specialty chemical manufacturing. FAR Chemical was acquired from its parent company, CPS Performance Materials Group. The strategic move marks a significant step in Novopor’s ambition to build a fully integrated, global specialty chemicals platform.
Expanding End-to-End Capabilities Across High-Growth Markets
Through the acquisition, Novopor significantly enhances its ability to offer end-to-end solutions, spanning early-stage process development to commercial-scale manufacturing. FAR Chemical’s strong expertise in complex chemistries and its focus on high-value sectors—including electronics, aerospace and defense, coatings and adhesives, and other specialty chemical markets—complement Novopor’s existing technical capabilities. As a result, the integration expands Novopor’s operational footprint in the United States while strengthening its access to attractive and resilient end markets.
Leadership Highlights Strategic Fit and Market Impact
Radhesh Welling, Managing Director of Novopor Advanced Science Private Limited, said FAR Chemical’s differentiated chemistry capabilities make it a natural strategic fit. He added that its long-standing relationships with global performance chemical and material science companies further strengthen this alignment. He added that the transaction will enable Novopor to support a broader range of chemistries. It will also accelerate customers’ time-to-market and deepen the company’s presence in high-growth segments.
From an investor perspective, Saahil Bhatia, Partner at Bain Capital, noted that FAR Chemical’s proven track record in complex specialty chemical manufacturing enhances Novopor’s technical depth, geographic reach, and ability to support customers across the full product lifecycle. He emphasized that the investment reflects Bain Capital’s commitment to building market-leading platforms through strategic acquisitions and operational excellence.
FAR Chemical Sees Opportunities for Innovation and Scale
Justin O’Connor, President of FAR Chemical, highlighted that the company has built a differentiated platform rooted in deep technical expertise, a strong safety culture, and a history of solving complex customer challenges. He said partnering with Novopor will allow FAR Chemical to invest further in advanced capabilities while maintaining rigorous safety and operational standards. The combination, he added, will enable seamless customer support from development through commercial-scale manufacturing.
Building Momentum Through Targeted Investments
The FAR Chemical acquisition builds on Novopor’s recent expansion initiatives. In 2025, the company acquired Pressure Chemical Company, a Pittsburgh-based specialist in high-pressure chemistry. This move further strengthened its US presence and development-to-manufacturing capabilities.
As per the press release, in parallel, Novopor commissioned a state-of-the-art Pilot Plant Facility in Visakhapatnam, India. Designed to bridge early-stage R&D and commercial production, the facility supports innovation across agrochemicals, performance materials, and specialty chemicals. Together, these investments reinforce Novopor’s strategy of scaling a globally integrated, innovation-driven specialty chemicals platform.
