Barentz takes an equity stake in NKC Europe and NKC USA
Barentz, an international provider of innovative and standard ingredients for the personal care, nutrition and pharmaceutical industries, and lanolin and lanolin derivatives specialist NK Chemicals (NKC) have entered a strategic partnership to strengthen their operations in Europe and the US, with Barentz taking an equity stake in both NKC Europe and NKC USA.
“During recent years we have experienced rapid growth in Europe as well as in the USA,” said Ian Johnson, managing director of NKC Europe. “To continue to strengthen our operations and extend our activities we have been considering a strategic partnership and we are confident that Barentz is the right partner for us to continue to grow, because of Barentz’s ingredients expertise in combination with its wide network of customers within the personal care industry.”
“It [the partnership] creates tremendous opportunities for NKC and for Barentz,” added Hidde van der Wal, CEO of the Barentz Group. “We bring NKC a solid customer support and distribution network throughout Europe and southeast Asia and NKC give Barentz a direct entry into the US. I can already see new projects flourishing and our customers will benefit from the synergy this partnership will create across different continents.”
According to the companies, the integration of NKC into the Barentz structure will improve the availability of NKC products across EMEA. The partnership with Barentz will also bring additional materials to the NKC portfolio.