April 18 2023, David R Brown
Barentz acquires Metachem in Brazil, bolstering its solutions for the performance materials segment
Barentz International's Brazilian JV partner, Tovani Benzaquen, has acquired Metachem Industrial e Comercial Ltda and its associate Chemtra Comercial Importação e Exportação Ltda., one of the leading specialty distributors of chemical supplies and solutions for the industrial materials segment in Brazil. The deal builds on Barentz' strong position in performance materials in North America and strengthens Barentz's overall presence in the South American region.
This presents new opportunities in the South American region, mainly focused on the performance materials segment and further connects our South American and North American markets
Hidde van der Wal
CEO of Barentz
Metachem, headquartered in the city of São Paulo, leads a Brazilian group that distributes raw materials and ingredients in South America that is strongly active in industrial materials and CASE (Paints and Adhesives) markets, as well as having a presence in life science markets. The company was founded in 1988 by a highly experienced team of professionals to deliver differentiated and value-added products to its customers.
Hidde van der Wal, CEO of Barentz, commented: “The expertise, combined with Metachem's portfolio, will strengthen our already consolidated offer in the Brazilian market. This presents new opportunities in the South American region, mainly focused on the performance materials segment and further connects our South American and North American markets. This is in line with Barentz's aspirations and continued growth strategy.”
Ricardo do Rego Freitas, Director of Metachem, added: “After 35 years of a long and successful path, today, with satisfaction, we are going to a new stage, together with Barentz and Tovani Benzaquen, we continue the strategy of growth, to leverage the synergy between the companies and the accumulated knowledge and experience. Certainly, our companies' values, of valuing employees, and total attention to our suppliers and customers, will be strengthened through this acquisition.”
About Barentz
Barentz is a leading global life science ingredients distributor. The company sources branded specialty ingredients from leading manufacturers worldwide. Their team of ingredient experts provide value-added technical support which includes pre-mixing, blending, ingredients formulation and ingredient testing from its state-of-the-art, customized formulation centers and application laboratories in EMEA, North America, South America and Asia-Pacific.
Established in 1953, Barentz has operations in more than 70 countries with a strong presence in Europe and North America, and a rapidly growing network in Latin America and Asia-Pacific. With a turnover of €2.5 billion, the company employs around 2,500 people worldwide and serves over 22,000 customers.
With headquarters in Sao Paulo, Tovani Benzaquen Ingredients has been a part of Barentz International since 2018 and has been a major distributor of life science ingredients in South America since 1992.
Source(s): Barentz Press Release
Further Information
Visit: https://www.barentz.com