Right on the heels of acquiring North American CI Capital-backed specialty distributor Maroon, Dutch ingredients supplier Barentz expanded its activities in the Asian life science markets with the acquisition of Nardev.
WHO: Incorporated in 1989, Nardev is a leading distributor of quality ingredients, specialized in the Personal Care market. Headquartered in Singapore, the company has offices and laboratories in all their operating markets: Indonesia, Thailand, Vietnam, Malaysia, and Singapore.
Barentz is a leading global life science ingredients distributor for the Human Nutrition, Pharmaceutical, Personal Care, and Animal Nutrition markets. Established in 1953 and headquartered in the Netherlands, Barentz has operations in more than 60 countries with a strong presence in Europe and Asia, and a growing presence in North America and Latin America.
WHY: The acquisition of Nardev is aligned with Barentz’ strategy to strengthen their position in Asia-Pacific and its “buy and build” strategy to strengthen and grow their business to become a global leader in the life science ingredients markets.
IN THEIR OWN WORDS: Nardev’s aim for partnership with their principals and customers is to lay a foundation for successful operation in the rapidly growing Asian market for cosmetic ingredients. “We do have 28 years of experience in this market, having established an enviable reputation for being a reliable, dynamic, and driven partner and distributor,” said Nardev’s CEO, Khoe Hong Oan.
“For us, the merger with Barentz marks the start of a new era, in which we will get more opportunities to deeper penetrate our current markets. In addition, we share with Barentz the same passion for technical knowledge and formulary support,” Mr. Khoe continued.
According to Hidde van der Wal, CEO of Barentz, the timing of this acquisition couldn’t have been better. “We have been working hard to strengthen our presence in the Asian market, with emphasis on Human Nutrition. We constantly have invested in the knowledge and expertise of the SEA market, and Nardev brings us now very strongly into the local Personal Care business—business that we know very well in other parts of the world, such as the Americas and Europe. It is very exciting to add new customers and new suppliers in this region. We are also very pleased that the current management remains active to help us to guide into this new market segment.”
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