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Aceto history
Aceto company history timeline
The company was founded by Arnold Frankel and Seymour Mann and incorporated in 1947 as Aceto Chemical Co. with initial capital of $4,000.
Beginning in 1956, Aceto ran off a streak of 27 consecutive years of increased sales and profits.
By 1961 Aceto had raised its annual sales to $1 million and its net worth to about $200,000.
The company also included Pfaltz & Bauer, Inc., a research subsidiary purchased in 1965 that was maintaining one of the world's largest 'libraries' of rare chemicals, with 40,000 listings.
Growth then resumed, and in fiscal 1990 sales reached $121.59 million.
Frankel retired in 1997 and was replaced as Aceto's chief executive by Leonard Schwartz.
Another 6.17 million shares were outstanding in fiscal 1999.
Aceto's fiscal 2000 sales of $184.8 million was divided into six segments.
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Zippia gives an in-depth look into the details of Aceto, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Aceto. The employee data is based on information from people who have self-reported their past or current employments at Aceto. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Aceto. The data presented on this page does not represent the view of Aceto and its employees or that of Zippia.
Aceto may also be known as or be related to ACETO CORP, Aceto, Aceto Corp., Aceto Corporation, Aceto Corporation (ACET) and Aceto US LLC.