Jul 1, 2019

Tovani Benzaquen Ingredients, part of Barentz, acquires personal care ingredient distributor in Brazil


Tovani Benzaquen Ingredients, a major food-ingredient distributor in South America and part of Barentz, is delighted to announce the acquisition of Chemspecs, a high-performance distributor of personal care products in Brazil.

  • Chemspecs is the largest specialized distributor of personal-care ingredients serving the Brazilian cosmetics market.
  • Its product offerings and customer base are complementary to those of Tovani.
  • The transaction will further strengthen the growth of Barentz within the life sciences industries in the South American market.

‘This is a great step forward for all of us’, notes Moses Benzaquen, CEO of Tovani Benzaquen Ingredients. ‘Chemspecs’ highly trained sales team of technical experts and the well-equipped application laboratory will be of great value. It is the perfect complement to Tovani’s existing team of specialists, and it will certainly enhance the further development of our product portfolio and services’.

Hidde van der Wal, CEO of Barentz adds: ‘We had high expectations for our partnership with Tovani, and they were met above and beyond! Our collaboration quickly proved its worth by yielding more and better solutions for our current and new customer base. Our businesses complement each other in terms of markets served, principal relationships, product offerings and business culture. Our shared entrepreneurial mindset and in-depth expertise of our business bind us. I am convinced that the integration of Chemspecs will follow the same successful route’.

About Tovani Benzaquen Ingredients and Barentz
With headquarters in Sao Paulo, Tovani Benzaquen Ingredients has been a part of Barentz International since 2018, and it has been a major distributor of food ingredients in South America since 1992. The company serves more than 1000 customers throughout the entire Brazilian territory and surrounding countries. Tovani and Barentz are active in all segments of the Brazilian life sciences industries: food and nutrition, pharmaceuticals, animal nutrition and personal care. 

Barentz is a leading global provider of ingredients for the life sciences industries. Representing world-class suppliers from all over the world, Barentz offers its customers a comprehensive portfolio of speciality ingredients including unique specialty ingredients and blends from Barentz-owned production companies, all supported by the best technical teams and top-of-the-line application labs. Barentz operates in more than 60 countries, has a turnover of around 1.1 billion euros and employs more than 1,100 people worldwide.

For more information, see: tovani.com.brand barentz.com.

About Chemspecs
Established in 1996, Chemspecs distributes specialty ingredients for the cosmetic and pharmaceutical industries in Brazil, in addition to being a high-performance distributor of personal care products. With headquarters in Sao Paolo, the company owns a fully staffed application lab, as well as a strong, dedicated technical sales force. For more information, see: chemspecs.com.br


Latest News

06 - 02 - 2020
Barentz international B.V. and Matco Foods Limited officially announce the start of a new Joint Venture in Pakistan, following agreement between both parties. The aim of the new activity is to better serve the rapidly growing Pakistani food processing market with a target group of 200 million citizens. Matco Foods has built up an extended network within the Pakistan local food industry Barentz International offers the broadest high-quality ingredients portfolio within the global life science markets Barentz Pakistan will primarily focus on the markets for Human Nutrition and Pharmaceutical products
26 - 11 - 2019
Barentz announces today that Cinven has agreed to invest in their company. Cinven is a leading international private equity firm focused on building world-class European and global companies. Barentz has a strong market position in a structurally growing market for life science ingredients The Cinven team knows the speciality ingredients distribution market well Cinven recognizes the opportunities for both organic and buy and build growth Financial terms of the transaction are not disclosed  
04 - 11 - 2019
Barentz, a leading distributor of ingredients in the life science markets, is pleased to announce it has acquired a majority shareholding in Czech Republic based IMCoPharma. Highlights: IMCoPharma is a leader in the pharmaceutical ingredients market in the CIS region and Ukraine Both Barentz and IMCoPharma are known for their deep technical knowledge and broad portfolio of pharmaceutical ingredients This strategic investment provides Barentz with the licensing capability to do business with all pharmaceutical companies in this attractive region IMCoPharma considers this acquisition as an opportunity for strengthening its position in this market and creating new opportunities