ACQUISITION NATIONAL
MUMBAI, MAHARASHTRA, INDIA
By IFAB MEDIA - NEWS BUREAU - December 28, 2023 | 139 3 minutes read
Barentz International, a global distributor of life science and specialty performance ingredients, has successfully acquired Radian Chemical Products in India. This strategic move enhances Barentz's presence in the Indian market, particularly in the color cosmetics and personal care industries, solidifying its position as a key player in these sectors.
Headquartered in Hoofddorp, The Netherlands, Barentz views this acquisition as a crucial step in reinforcing its commitment to delivering innovative solutions, technical expertise, and an expanded range of ingredients to both principals and customers in India. The company anticipates that this transaction will unlock new growth opportunities across the Asia Pacific region.
Peter Boone, CEO of Barentz, expressed, "The acquisition aligns with our vision to be at the forefront of delivering high-quality ingredients and solutions for personal care. It benefits our principals and customers by providing access to a broader portfolio of solutions and a deeper pool of expertise. Together, we aim to enhance our offerings and better serve the dynamic needs of the Indian market and beyond."
The acquisition is expected to bring synergy between Barentz's global business nature and Radian's expertise in high-end niche specialty solutions. This collaboration aims to fortify their position in India and empower them to meet the evolving demands of the industry.
Manoj Botadra, CEO of Radian, highlighted, "The deciding factor to join Barentz was the global nature of the business, which creates tremendous opportunities to strengthen and expand our offering in India. Barentz and Radian share the same entrepreneurial DNA, making it the best possible new home for our stakeholders. We are confident that this strategic move will amplify our reach and elevate our commitment to excellence in the industry."
The transition is expected to be seamless, with both companies emphasizing their dedication to maintaining the highest standards of service and quality throughout the process.