Barentz acquires Metachem in Brazil, bolstering solutions for the performance materials segment.

Hoofddorp, the Netherlands, April 18, 2023. Barentz International, a leading global life science and performance materials ingredients distributor has, in close collaboration with its joint venture partner, Tovani Benzaquen, expanded its activities in South America. The company proudly announces the acquisition of Metachem Industrial e Comercial Ltda and its associate Chemtra Comercial Importação e Exportação Ltda., considered one of the main Brazilian distributors of supplies and solutions for the chemical segment.

Metachem Industrial e Comercial Ltda, headquartered in the city of São Paulo - SP, Brazil, leads a Brazilian group that distributes raw materials and ingredients in South America that is strongly active in the Industrial Materials, Paints and Adhesives markets, as well as having a presence in the life science markets.

Highlights

• Barentz acquires Metachem Indústria e Comércio Ltda, one of the main Brazilian distributors of raw materials and supplies for the chemical industry.
• Metachem has been expanding the research and performance of new products and solutions, boosting business in several industrial segments.
• Metachem's expertise perfectly complements the current activities of Barentz joint venture with Tovani Benzaquen, bridging Barentz’ strong position in performance materials in North America.
• This acquisition strengthens Barentz's overall position in the South American region and further accelerated growth is expected.

Hidde van der Wal, CEO of Barentz, commented: “The expertise, combined with Metachem's portfolio, will strengthen our already consolidated offer in the Brazilian market. This presents new opportunities in the South American region, mainly focused on the performance materials segment and further connects our South American and North American markets. This is in line with Barentz's aspirations and continued growth strategy.”

Ricardo do Rego Freitas, Director of Metachem Industrial e Comercial Ltda., added: “After 35 years of a long and successful path, today, with satisfaction, we are going to a new stage, together with Barentz and Tovani Benzaquen, we continue the strategy of growth, to leverage the synergy between the companies and the accumulated knowledge and experience. Certainly, ​​our companies’ values, of valuing employees, and total attention to our suppliers and customers, will be strengthened through this acquisition.”

Elzo Benzaquen (CEO of Barentz South America) and Moses Benzaquen (CEO of Tovani Benzaquen), said: “The businesses of Metachem and Tovani Benzaquen complement each other and will add even more value to our portfolio of products aimed at the performance materials segment in Brazil. We are happy to start this new promising stage, together.”