Barentz announces the acquisition of Nardev, one of the leading distributors of quality ingredients, specialized in the personal care market. With this acquisition, Barentz has expanded its activities in the Asian life science markets.
Acquisition Aligned with Barentz’ Strategy
Nardev is headquartered in Singapore, has offices and laboratories in all markets, such as 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.
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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. 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,” said Nardev’s CEO, Khoe Hong Oan.
Nardev’s Personal Care Ingredients
With Nardev’s broad, high-quality portfolio of personal care ingredients, their network of formulation laboratories and extensive distribution network, the company is fully complimentary to Barentz’ current value proposition in the Asian life science markets.
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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,” said Hidde van der Wal, CEO of Barentz.
Nardev aims for a partnership with their principals and customers as a foundation for successful operation in the rapidly growing Asian market for cosmetic ingredients.
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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,” added van der Wal.
Source: Barentz