Barentz International announces the acquisition of Volp Indústria e Comércio Ltda., in close collaboration with its joint venture partner Tovani Benzaquen, expanding its activities and bolstering its overall position in South America.
Present New Opportunities in the Region
Hidde van der Wal, CEO of Barentz, commented,
“The great team and expertise of Volp, their strong customer base, and the complementary product portfolio will not only strengthen our existing offering in the Brazilian market, but also present new opportunities in the South American region. This is in line with Barentz's continuous growth ambitions and strategy.”
Volp's expertise perfectly complements the current activities of Barentz’s joint venture Tovani Benzaquen and strengthens and balances the group proposition in Life Sciences. The current Volp management team will remain in charge of the business.
Volp Indústria e Comércio Ltda., headquartered in Osasco, São Paulo, Brazil, has built a strong position in the Brazilian personal care market in the past 29 years. The company is renowned for its expertise in supplies for the personal care industry, supported by its strong sales force and its own development and application laboratories.
Sérgio Nunes, director of Volp Indústria e Comércio Ltda., added, “
This acquisition by Barentz and Tovani means a great opportunity to further grow in the local and regional markets. We are looking forward to using their extensive knowledge and other opportunities to leverage our personal care expertise within Barentz’s regional and global network.”
Moses and Elzo Benzaquen, CEO of Tovani Benzaquen Barentz, said, “
The businesses of Volp and Tovani Benzaquen perfectly complement each other in terms of markets served and business culture, in addition to expanding and optimizing our product portfolio in the personal care segment. We are looking forward to integrating our mutual activities and following the successful route together.”
Source: Barentz