Ingredients distributor Barentz International has entered into a binding agreement to acquire the pharmaceutical and human nutrition business of Unijaya, a fully licensed pharmaceutical distributor of specialty active pharmaceutical ingredients and functional food ingredients, located in Jakarta, Indonesia.
The intended acquisition of Unijaya complements Barentz’s existing operations with a regulated pharmaceuticals business and is expected to provide synergetic growth opportunities in Indonesia and across Asia Pacific territories.
I am proud that Unijaya is playing an important role in strengthening Barentz’s existing operations
- Hidde van der Wal, CEO of Barentz
The acquisition is an important step towards offering a complete suite of life science ingredient solutions in one of the largest economies in South-East Asia and will significantly strengthen Barentz’s value-add product offering of APIs as well as food ingredient solutions.
The transaction is subject to the completion of legal and specified contractual closing conditions.
Highlights
- The intended acquisition strengthens Barentz’s footprint in the high-growth and resilient pharmaceutical distribution markets and increases the company’s geographic exposure in one of the largest pharmaceutical markets in South-East Asia.
- Unijaya offers a highly strategic opportunity to complement Barentz’s operations with fully licensed pharmaceutical distributors in Indonesia.
- The acquisition will significantly strengthen Barentz’s value-add product offering of APIs as well as functional food ingredient solutions.
Hidde van der Wal, CEO of Barentz, commented: “Unijaya’s highly experienced team with extensive knowledge of the pharmaceutical and human nutrition industries, combined with an impressive product portfolio, will bolster our existing offering in the Indonesian market. We are excited about the new opportunities this presents in Asia Pacific, which aligns with Barentz’s ongoing aspiration for growth in the region. I warmly welcome the Unijaya team to Barentz.”
Agus Widjaja, Founder of Unijaya added: “I am proud that Unijaya is playing an important role in strengthening Barentz’s existing operations, as they embrace a new portfolio of specialty active pharma and functional food ingredients in Indonesia, one of the fastest growing and largest economies in South-East Asia. I wish Barentz and the team the very best."
Agus Widjaja, the founder of Unijaya, will continue to lead the company once the acquisition is completed.