Posted by Barentz International, a leading global life science ingredients distributor announced 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.
The cyclodextrin relation of this deal is that both companies has been very active in the field of supplying cycloedxtrins in different regions and now with combined forced will become an even stronger player in the field.
Highlights
- 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
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/
About Barentz
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.