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News from Abroad

DISTRIBU TION BU SINESS
Barentz acquires Singapore’s Nardev and USA’s

Maroon Group

Barentz, the Dutch distributor of ness to become a global leader in the said it has agreed to acquire Maroon
life-science ingredients, has expand- life science ingredients markets. Both Group, a speciality ingredients &
ed its activities in Asia, with the companies have their (regional) head chemicals distributor operating in the
acquisition of Nardev, a leading dis- offices in Singapore, where Barentz US as well as Canada. Maroon is one
tributor of personal care ingredients. also runs Vitablend, a customised of the largest speciality suppliers to
Headquartered in Singapore, the formulations centre. the HI&I (household, industrial & in-
company has offices and laboratories stitutional), personal care & pharma-
in all their operating markets: Indo- Nardev’s CEO, Mr. Khoe Hong Oan ceutical, food & nutrition, and CASE
nesia, Thailand, Vietnam, Malaysia said the merger with Barentz marks the markets across North America.
and Singapore. start of a new era, in which the com-
pany will get “more opportunities to Barentz expects this acquisition
Barentz sources branded specia- deeper penetrate its current markets.”
lity ingredients from leading manufac- to bring a series of synergies. “Our
product portfolios are very comple-
turers worldwide and its ingredients Mr. Hidde van der Wal, CEO of mentary,” said Mr. van der Wal.
experts provide value-added techni- Barentz, added. “We constantly have “Maroon Group has significant scale
cal support from its formulation cen- invested in the knowledge and exper- in North America, the biggest eco-
tres and application laboratories in tise of the SEA market, and Nardev nomy of the world, where we were
EMEA, Americas and Asia-Pacific. brings us now very strongly into the
local personal care business – business small, until today. The combination
Barentz said the planned merger that we know very well in other parts will immediately make Barentz a
is in line with its strategy to extend of the world.” leading global distributor with an
its position in Asia-Pacific and fits excellent opportunity to establish
well in the ‘buy and build’ strategy Acquisition of Maroon Group new business segments in North
to strengthen and grow their busi- In an earlier development, Barentz America.”

INORGANIC GROWTH
Cargill to acquire botanical ingredients specialist

Floratech

American food conglomerate, Car- “This acqui- able ingredients,” said Ms. Colleen
gill, has boosted its beauty platform sition will mark May, President of Cargill Bioindustrial,
with the acquisition of Arizona-based an important which includes Cargill Beauty.
botanical ingredients company, Flora- milestone in Car-
tech. gill’s effort to ex- Commenting on the deal, Steve
pand its beauty Brown, President of Floratech, said,
Floratech’s expertise in natural
emollients and jojoba derivatives, and business and “This partnership will bring even
more sustainable value to cosmetics
will strengthen
its development experience in specia- both companies’ and personal care formulations around
lity beauty ingredients aligns closely shared vision to unleash beauty sus- the world. Floratech has a long history
with Cargill’s growth strategy for its tainably. This partnership will acce- of developing plant-based sustainable
beauty business.
lerate our combined growth, maximise ingredients at levels of quality and
Cargill is best known as a supplier value for customers by building indus- functionality superior to the synthetic
to the agricultural market, but the try-leading capabilities focused on na- products they replace. Cargill’s long-
155-year-old company has also been ture-derived solutions, and help those established position as an agricultural
producing ingredients for the beauty customers shift their portfolio from powerhouse will not only sustain but
industry for more than 40 years. synthetic chemicals to more sustain- accelerate that success.”
18 Home, Personal & Institutional Care India November 2020