Animal nutrition company Barentz International has announced that, it has acquired PT Astabumi Ciptadaya, a distributor of specialty ingredients for the Food & Nutrition industry in Indonesia, following its recent capital injection to accelerate growth.
Barentz calls this acquisition in Indonesia a logical step in the strong expansion of Barentz in the Asia Pacific region. Indonesia is what Barentz calls a "promising market".
Headquartered in Jakarta, Astabumi services customers in the food, beverage, confectionary, nutrition, health and well-being sectors across Indonesia. For Barentz International, head-quartered in the Netherlands and active in close to 50 countries across three continents, the acquisition of Astabumi is strategically important, with Indonesia being the largest economy in South East Asia. Barentz itself has been active under its own brand in Indonesia since 2012.
Acquisition will benefit all customers in Indonesia
Hidde van der Wal, CEO of Barentz International explains: "This acquisition adds to the reach of Barentz in Indonesia, which will be an advantage for our customers, who can now buy the combined ingredients portfolio from one company instead of from two different distributors. Barentz and Astabumi were delivering ingredients to more or less the same customer base in Indonesia."
Adi Arianto, President of Astabumi comments: "The beauty of this deal is that Barentz is a preferred distributor of Roquette in Europe and Astabumi is Roquette's partner in Indonesia. "
Astabumi and Barentz will integrate their business over the next couple of months and will continue to operate with both trading names, under the legal entity PT Barentz Indonesia.
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