Barentz Acquires Personal Care Specialist Nardev

Barentz, a leading global distributor of life sciences components, has expanded its operations in Asian life sciences markets. The company is proud to announce the acquisition of Nardev, a leading distributor of quality components specializing in the Personal Care market. The company, headquartered in Singapore, has offices and laboratories across all its operating markets: Indonesia, Thailand, Vietnam, Malaysia and Singapore. The acquisition of Nardev strengthens Barentz's positions in the Asia-Pacific region and aligns with its strategy of becoming a global leader in life sciences components.

Key Points:

* Barentz has acquired Nardev, a leading specialty personal care materials distributor in Asian markets. * With its broad, high-quality personal care components portfolio, network of formulation laboratories and comprehensive distribution network, Nardev fully complements Barentz's existing value proposition in Asian life sciences markets. * Both companies have their (regional) head offices in Singapore, where Barentz also operates Vitablend, a specialized formulation center. * The planned acquisition aligns with Barentz's strategy to expand its positions in the Asia-Pacific region. It fits very well with Barentz's "buy and build" strategy to strengthen and grow its business to become a global leader in life sciences components markets. Nardev aims to build partnerships with its managers and customers as the foundation of a successful operation in the rapidly growing Asian market for cosmetic components. According to Nardev's CEO Khoe Hong Oan, "We have 28 years of experience in this market and have an enviable reputation as a reliable, dynamic and determined business partner and distributor," and added "For us, the merger with Barentz marks the beginning of a new era in which we will find more opportunities to deepen our penetration into existing markets. Furthermore, we share the same passion with Barentz when it comes to technical knowledge and formulation support." According to Barentz CEO Hidde van der Wal, the timing of this acquisition could not be better. Hidde van der Wal stated "We are working hard to strengthen our presence in the Asian market with emphasis on Human Nutrition. We have continuously invested in SEA market knowledge and expertise, and Nardev now brings us very strongly into the local Personal Care business, something 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 to this region. Also, we are very pleased that the existing management will remain active to help guide us in this new market segment," he concluded.