Life science ingredients distributor Barentz International, has agreed to acquire a majority stake in the distribution activities of India’s Gangwal Chemicals subject to customary closing conditions. Terms were not disclosed.
The company said that this will increase its geographic exposure in the fast-growing Asia-Pacific region. Based in Mumbai, Gangwal is mainly a supplier of speciality pharmaceutical excipients, but is also “growing significantly in the distribution of speciality ingredients in nutraceutical and cosmetics ingredients”.
