Page 143 - CW E-Magazine (6-8-2024)

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Barentz acquires Anshul Life Sciences; strengthens

Indian platform

Barentz International, a leading global Paraformaldehyde Spain
specialty ingredients solution provider,
headquartered in the Netherlands, has
announced the acquisition of Anshul Life
Sciences Group in India. Established in
1978, Anshul is a high-end life science 91-92-93-96% Prills
focused specialty chemicals distributor
that caters to regulated pharmaceuticals,
food & nutraceuticals and personal care
markets.

“With this strategic move Barentz dients portfolio with high-quality exci- ents and products and a deeper pool of
establishes a leading life science distribu- pient, APIs and intermediates and expertise. We are delighted that Mr. Naga-
tion platform in India and reinforces its widens its Personal Care and Nutraceu- rajan will continue to lead the business.
commitment to providing innovative ticals offering. Together, we aim to enhance our offering
solutions, technical expertise, and an even and better serve the needs of the dynamic
more innovative range of ingredients to Mr. Nagarajan Kailasam, CEO, Anshul Indian market and beyond,” Mr. Marc
customers and principals pan-India,” a Life Sciences will continue to manage the Duchene, CEO APAC, said in the release.
emphasizes Anshul is headquartered in Mumbai and entrepreneurial spirit and ethical stan- Pentaerythritol 98% Spain
press release from Barentz stated. day-to-day business operations, as will “Barentz aligns strongly with the
the current team of Anshul Life Sciences.
“The acquisition
Barentz’ commitment to the Indian has offi ces across India. employing more dards of Anshul Life Science’s found-
market and is expected to open a realm than 90 people. ing partners. We are excited to join the
of strategic opportunities for growth Barentz family and start our collabora-
across the country and the broader Asia “We are extremely excited to wel- tion to capture the enormous potential
Pacifi c region. Both companies are come Anshul Life Sciences to the Barentz of the Indian market by offering even
committed to ensuring a seamless transi- Group. The acquisition underpins our more comprehensive solutions to our
tion and maintaining the highest standards ambitions to further grow in India, one customers and principals in the Indian
of value-added services,” it added. of our key strategic markets, and the Asia market and beyond. We are looking
Pacifi c region in general. The acquisition forward to the future and the growing
According to Barentz, Anshul Life benefi ts our customers and principals by international reach that this strategic
Sciences enforces and complements providing access to a broader portfolio move will bring to Anshul Life
Barentz India pharmaceuticals ingre- of high-quality pharmaceuticals excipi- Sciences,” added Mr. Nagarajan. Sodium Formate 97% Spain

Fineotex Chemical raises Rs. 342.55-crore through

issue of shares, warrants Contact Sole Agent

Speciality chemicals fi rm, Fineo- Fineotex Chemical, said, “This preferen- The capital raised will be in- FLUORODYECHEM
tex Chemical Ltd, said it has raised tial allotment aligns with the initial tranche vested strategically to support both A-311/312, Kanara Business Centre, Laxmi Nagar, Ghatkopar (E), Mumbai-400 075.
Rs. 342.55-crore through the issue of equity of our fund raised on May 22, 2024, organic and inorganic growth oppor- Tel: 022-25001958/25000348/67988454 w Fax: 022-25000464/21716029
shares and warrants on a preferential basis. amounting to Rs. 124.4-crore. The cumu- tunities, reinforcing our commitment Email:dyechem777@gmail.com
Commenting on the fund raise Mr. Sanjay lative funds raised from both tranches to enhancing shareholder value and
Tibrewala, CFO and Executive Director, now total Rs. 342.6-crore. advancing operational excellence”. Liason Offices at : KOLKATA and SOUTH INDIA

142 Chemical Weekly August 6, 2024 Chemical Weekly August 6, 2024 143

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