The move will strengthen the global distributor’s presence in the Asia-Pacific region
Global distributor Barentz has made its second acquisition this month in an effort to strengthen its position in the Asia-Pacific market.
Singapore-headquartered personal care ingredients distributor Nardev joins the group’s portfolio and will give Barentz access to its laboratories in Indonesia, Thailand, Vietnam, Malaysia and Singapore.
The announcement follows the company’s merger with Maroon Group to expand Barentz’s reach in North America.
“We have been working hard to strengthen our presence in the Asian market, with emphasis on human nutrition,” said Hidde van der Wal, CEO of Barentz.
“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.”
Meanwhile, Nardev’s CEO Khoe Hong Oan added: “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.”