Barentz International, a leading global life science ingredients distributor proudly announces an agreement to acquire a majority stake in the distribution activities of Gangwal Chemicals Private Limited.
Gangwal Chemicals, located in Mumbai India, is a high-end distributor and specialty solutions provider having a leading position in pharmaceuticals with a focus on specialty excipients. The company is growing significantly in the distribution of specialty ingredients in nutraceutical and cosmetics ingredients.
The acquisition is an important step in Barentz’ strategy to become a leading global specialty pharmaceutical and nutraceutical active ingredient distributor. The acquisition is, however, subject to customary closing conditions.
- Barentz announces the intention to acquire the distribution activities of Gangwal Chemicals in India
- Gangwal is a high-end distributor and specialty solutions provider with a strong presence in the Pharmaceutical, Nutraceutical, Personal Care and Cosmetics ingredients and is renowned for its high-end and niche specialty excipients
- The intended acquisition strengthens Barentz’ footprint in the high growth and resilient pharma excipient distribution market and increases geographic exposure in the fast-growing Asia-Pacific region
- Gangwal provides an excellent platform in India and Asia-Pacific allowing for further growth opportunities, organically and through acquisitions
- Anil Jain, the founder of Gangwal, will continue to lead the Company post completion of the acquisition by Barentz
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. This platform gives us a great leadership team and many opportunities to create new business initiatives to support our global network of suppliers. We are looking forward to accelerating Gangwal’s future strategic growth’.
Anil Jain, Promoter & 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. DNA- and business-wise we think and act alike. 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. A so-called perfect natural fit creating tremendous new opportunities for our employees.”
About Gangwal Chemicals
Gangwal Chemicals, founded in 1987, is a distributor of specialty chemicals and ingredients headquartered in Mumbai, India. The company offers high-end life science ingredients and solutions to both suppliers and customers in Pharmaceutical, Nutraceutical and Personal Care. For more information, visit: https://www.gangwalchem.com/
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. For more information, visit: www.barentz.com
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