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Aceto buys N.J. drug company for $80M

Aceto Corp., a Lake Success-based distributor of chemicals and generic drugs, said Monday it has completed its purchase of a New Jersey pharmaceutical company.

Aceto has said it would pay $80 million to acquire Rising Pharmaceuticals Inc. of Allendale, N.J., which makes and distributes generic and over-the-counter products.

Rising's management will continue to operate it as a unit of...

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