Leading specialty performance ingredients distributor, Barentz International has announced its acquisition of pharmaceutical and human nutrition business of Indonesia-based Unijaya, a fully licensed pharmaceutical distributor of specialty active pharmaceutical ingredients and functional food ingredients.
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. The acquisition is an important step towards offering a complete suite of life science ingredient solutions in Southeast Asia’s largest economy, and will significantly strengthen Barentz’s value-add product offering of APIs as well as functional food ingredient solutions. The transaction is subject to the completion of legal and specified contractual closing conditions.
The acquisition also aims to strengthen Barentz’s footprint in the high-growth and resilient pharmaceutical distribution markets and increases the company’s geographic exposure in Indonesia, which is one of the largest pharmaceutical markets in this region.
Unijaya offers a highly strategic opportunity to complement Barentz’s operations with fully licensed pharmaceutical distributors in Indonesia.
Hidde van der Wal, CEO of Barentz said, “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 said, “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 Southeast Asia. I wish Barentz and the team the very best.” Agus will continue to head the company after the completion of the acquisition.
Based in Jakarta, Unijaya is primarily engaged in the distribution of specialty pharma ingredients and functional food ingredients in Indonesia.