Barentz International, a leading global life science and specialty performance ingredients distributor, announced the acquisition of Radian Chemical Products in India, a high-end specialty specialty solutions provider predominantly in color cosmetics and personal care industries.
WHO: Radian is a well-established distributor of specialty ingredients in India, catering to personal care, pharmaceutical, and performance material markets.
Barentz is a leading global life science and specialty performance ingredients distributor. The company sources branded specialty ingredients from leading manufacturers worldwide, and its ingredient experts provide value-added technical support, which includes pre-mixing, blending, ingredient formulation, and ingredient testing from its state-of-the-art customized formulation centers and application laboratories in EMEA, Americas, and Asia-Pacific.
Established in 1953, Barentz has operations in more than 70 countries with a strong presence in Europe and North America, and a rapidly growing network in Latin America and Asia-Pacific. With a turnover of circa €2.5 billion, the company employs around 2,600 people worldwide and serves over 25,000 customers.
WHY: The strategic move strengthens Barentz India's position as a key player in these markets and reinforces its commitment to providing innovative solutions, technical expertise, and an even more innovative range of ingredients to principals and customers in India. The acquisition emphasizes Barentz's commitment to the Indian market and is expected to open a realm of strategic opportunities for growth across the Asia Pacific region.
IN THEIR OWN WORDS: "We are excited to join forces with Radian," said Barentz CEO Peter Boone. "The acquisition aligns with our vision to be at the forefront of delivering high quality ingredients and solutions for personal care. It benefits our principals and customers by providing access to a broader portfolio of solutions and a deeper pool of expertise. Together, we aim to enhance our offerings and better serve the dynamic needs of the Indian market and beyond."
According to Radian CEO Manoj Botadra, the deciding factor to join Barentz was the global nature of the business, which creates tremendous opportunities to strengthen and expand Radian's offering in India. "Barentz and Radian share the same entrepreneurial DNA, which makes it the best possible new home for our stakeholders," said Botadra. "We are confident that this strategic move will amplify our reach and elevate our commitment to excellence in the industry."
DETAILS:
