Food Ingredients Distributor accelerates Expansion on the African Continent
Food and feed ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced yesterday that it has invested in SK Chemtrade Services Pty. Ltd. (Meadowdale, Germiston – Johannesburg, South Africa) to form a Joint Venture (“JV”) with the so far family owned firm. The company, a distributor of Flavours, Compounds, Neutraceuticals and Natural Food Colourants is active in South Africa and some of the neighbouring countries. With the new partner Barentz expects to have quicker and better acccess to the Life Sciences Industries in Southern Africa.
Founded in 1992 as a distributor of Flavaours & Fragrances for U.S. based producer International Flavours & Fragrances (IFF), SK Chemtrade operates, beside its head office in Johannesburg, a warehouse and a development facility in Montague Gardens – Cape Town, which were opened in 2010. 2016 and 2018 expansions comprise a manufacturing facilty and a small-scale pilot bottling plant, respectively. It is also present in Zimbabwe’s capital Harare, where the activities of predecessor company Sylvester & Kitchen Pvt. Ltd. were launched in 1978.
The company serves customers in Food & Beverages, Pharmacueticals, Dietary Supplements, Household Detergents and Personal Care, Barentz said in the announcement. It continues to be run by Mark Ferrao as Managing Director.
No financial details were disclosed on the transaction.
Source: Barentz press release, SK Chemtrade Services website
HGE – DCG / 21.08.2019