Barentz International announced that it will acquire Unipex, a leading French distributor of life science ingredients and specialty chemicals.

The Paris-based company is one of the leading distributors in France, Benelux and Africa and is well known in the French and Benelux markets for innovation and leading trend development, efficiently using their own formulations labs. The acquisition of this French platform is aligned with Barentz’ growth strategy to become the leading global life science distributor.

The transaction is subject to the completion of legal and specified closing conditions, including the receipt of European merger control clearances.

The acquisition strengthens Barentz’ presence in France and immediately complements Barentz’ strong European network, while Unipex provides a gateway to strengthen Barentz’ Southern European presence and provides a steppingstone for Barentz in North Africa. The acquisition further extends Barentz European network of logistic centers and application laboratories.

The current management team will remain in charge and further growth in France is expected.

“Unipex has a very strong position in the heart of the European life science ingredients market, with the focus on France,” said Hidde van der Wal, CEO of Barentz. “Their value proposition as ‘The Smart Distributor of specialties’, operating on the edge between welfare and performance, perfectly matches Barentz’ brand positioning; ‘always creating better solutions.’.These solutions enable sustained success for our customers, principals and all other stakeholders. This acquisition strategically strengthens our position in France and brings continuity and new business development opportunities on a local and regional level.”

This post appeared first on Coatings World.

Comments are closed.