Barentz International acquires Astabumi in Indonesia
Food ingredients and additives distributor Barentz International N.V. (Hoofddorp, The Netherlands) last week announced that it has acquired PT Astabumi Ciptadaya (Jakarta, Indonesia), a distributor of specialty ingredients for the Food & Nutrition industry in Indonesia. The company, which had been established in 1988, supplies customers in the Food, Beverage, Confectionary, Nutrition, Health & Well-being sectors across Indonesia,
The two companies plan to integrate their businesses over the next few months. They will continue to operate with both trading names, under the legal entity PT Barentz Indonesia. Barentz itself has been active in Indonesia under its own brand since 2012.
No financial details were disclosed on the transaction, which follows a recent capital injection at Barentz from an unnamed equity investor.
Source: Barentz press release
HGE – DCG / 08.04.2015