July 1 2019, David R Brown
Tovani Benzaquen Ingredients, part of Barentz, acquires personal care ingredient distributor in Brazil
Tovani Benzaquen Ingredients, a major food-ingredient distributor in South America and part of Barentz International, is delighted to announce the acquisition of Chemspecs, a high-performance distributor of personal care ingredients and products in Brazil.
Chemspecs is the perfect complement to Tovani's existing team of specialists, and it will certainly enhance the further development of our product portfolio and servicesMoses Benzaquen
CEO of Tovani Benzaquen Ingredients
Established in 1996, Chemspecs is the largest specialized distributor of personal-care ingredients serving the Brazilian cosmetics market, in addition to being a high-performance distributor of personal care products. With headquarters in Sao Paolo, the company owns a fully staffed application lab, as well as a strong, dedicated technical sales force. Its product offerings and customer base are complementary to those of Tovani.
The transaction will further strengthen the growth of Barentz within the life sciences industries in the South American market. “This is a great step forward for all of us”, notes Moses Benzaquen, CEO of Tovani Benzaquen Ingredients. “Chemspecs' highly trained sales team of technical experts and the well-equipped application laboratory will be of great value. It is the perfect complement to Tovani's existing team of specialists, and it will certainly enhance the further development of our product portfolio and services.”
Hidde van der Wal, CEO of Barentz adds: “We had high expectations for our partnership with Tovani, and they were met above and beyond! Our collaboration quickly proved its worth by yielding more and better solutions for our current and new customer base. Our businesses complement each other in terms of markets served, principal relationships, product offerings and business culture. Our shared entrepreneurial mindset and in-depth expertise of our business bind us. I am convinced that the integration of Chemspecs will follow the same successful route.”
About Tovani Benzaquen Ingredients and Barentz
With headquarters in Sao Paulo, Tovani Benzaquen Ingredients has been a part of Barentz International since 2018, and it has been a major distributor of food ingredients in South America since 1992. Tovani and Barentz are active in all segments of the Brazilian life sciences industries: food and nutrition, pharmaceuticals, animal nutrition and personal care.
Barentz is a leading global provider of ingredients for the life sciences industries. Representing world-class suppliers from all over the world, Barentz offers its customers a comprehensive portfolio of speciality ingredients including unique specialty ingredients and blends from Barentz-owned production companies, all supported by the best technical teams and top-of-the-line application labs. Barentz operates in more than 60 countries, has a turnover of around EUR 1.1 billion and employs more than 1,100 people worldwide.
Source(s): Barentz Press Release