The specialty chemical ingredients distributor reported before the end of 2023 an agreement to acquire Radian Chemicals Products in India. Radian, as the company is known, is a recognised supplier in the colour cosmetics and personal care sector.
The Dutch-based company, Barentz, explained in a press release that the move is a strategic move to consolidate and position itself as a key player in this market and to reinforce its commitment to bring innovative solutions, technical know-how and an even more innovative range of ingredients to Indian managers and customers.
Barentz expects the acquisition to provide growth opportunities not only in India, but also in several other regions in Asia and the Pacific region.
Peter Boone, CEO of Barentz, explained that the deal aligns perfectly with the company's values and delivers an extra point of quality and sophistication to the company's personal care ingredients and solutions. Radian CEO Manoj Botadra added that this has become an opportunity and occasion to expand and strengthen the existing business in India. Botadra also highlighted the commonalities between the two companies.
The terms of the agreement were not disclosed by either party.