HOOFDDORP, The Netherlands — Barentz International recently announced an agreement to acquire a majority stake in the distribution activities of Gangwal Chemicals Private Limited, Mumbai, India.
Gangwal Chemicals is a high-end distributor and specialty solutions provider having a leading position in pharmaceuticals with a focus on specialty excipients. The company is reportedly growing significantly in the distribution of specialty ingredients in nutraceutical and cosmetics ingredients.
Barentz reports that the acquisition is an important step in the company’s strategy to become a leading global specialty pharmaceutical and nutraceutical active ingredient distributor. The acquisition is subject to customary closing conditions. Anil Jain, the founder of Gangwal, will continue to lead the company upon the completion of the acquisition by Barentz
Hidde van der Wal, CEO of Barentz, said, “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.”
Learn more at www.barentz.com and www.gangwalchem.com.
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