December 8 2021, David R Brown

Barentz International, a leading global life science ingredients distributor, is to acquire a majority stake in the distribution activities of India-based, Gangwal Chemicals Private Limited. The acquisition is another important step towards Barentz' goal of becoming a leading global specialty pharmaceutical and nutraceutical active ingredient distributor.

We are extremely impressed by the way the Gangwal team has developed the business and the long-term relationships they have built with different global excipient producers

Hidde van der Wal
CEO of Barentz

Founded in 1987, Gangwal Chemicals is a distributor of specialty chemicals and ingredients in India with a leading position in the pharmaceutical market, particularly in specialty excipients. Gangwal is also growing rapdily in the distribution of specialty ingredients for the nutraceutical and cosmetics market segments. For Barentz the acquisition will strengthen their footprint in the high growth and resilient pharma excipient distribution market and increases their geographic exposure in the fast-growing Asia-Pacific region.

Hidde van der Wal, CEO of Barentz, commented: “We have been keen to enter the Indian market for a long time. In Gangwal, we found the right partner due to the similarities in how we do business. We are extremely impressed by the way the Gangwal team has developed the business and the long-term relationships they have built with different global excipient producers.”.

Anil Jain, founder & director of Gangwal Chemicals, added: “Over the last couple of years we have seen a rapid consolidation of distributors in India. In Barentz we found the ideal life science candidate to partner with. Together, we can find multiple synergies to strengthen our customer relations with many new suppliers and products coming out of the Barentz portfolio of life science ingredients.”

Anil Jain will continue to lead the company post completion of the acquisition by Barentz.

About Barentz
Barentz is a leading global life science 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 60 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 €1.85 billion, the company employs around 1,750 people worldwide and serves over 21,000 customers.

Source(s): Barentz Press Release

Further Information

Visit: https://www.barentz.com