Barentz, a leading global distributor of life science ingredients, has expanded its activities in the Asian life science markets. The company proudly announces the acquisition of Nardev, 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. The acquisition of Nardev is aligned with Barentz’ strategy to strengthen their position in Asia-Pacific, as well as to become a global leader in life science ingredients.
Highlights:
* Barentz acquires Nardev, a leading specialized personal care ingredients distributor in the Asian markets.
* With their broad, high-quality portfolio of personal care ingredients, their network of formulation laboratories and extensive distribution network, Nardev is fully complimentary to Barentz’ current value proposition in the Asian life science markets.
* Both companies have their (regional) head offices in Singapore, where Barentz also runs Vitablend, their customized formulations center.
* The planned merger is in line with Barentz’ strategy to extend their position in Asia-Pacific. It fits well in Barentz’ ‘buy and build’ strategy to strengthen and grow their business to become a global leader in the life science ingredients markets.
Nardev aim for partnership with their principals and customers as 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 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,” concluded Mr. van der Wal.
