Tag Archives: Barentz

Barentz appoints Derk-Jan Terhorst as new CFO

Senior Management Change at Netherlands-based Life Science Ingredients Distributor

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced that it appointed Derk-Jan Terhorst the company’s Chief Financial Officer (“CFO”) and as a Member of the Board, starting from 01. September 2021. 

 

According to the announcement, Derk-Jan has significant experience in international financial management, having worked for Ahold Delhaize for over 15 years including as CFO in Central Europe and as CFO for Stop & Shop in MA, USA. Most recently he was Chief Financial Officer at Tony’s Chocolonely.

 

Following this appointment, Jos van der Linden will step down as CFO and Board Member after 24 years.

 

Source: Barentz press release

 

HGE – DCG / 29.07.2021

Barentz to acquire Pestell Nutrition Inc. in North America

Netherlands-based Life Science Ingredients Distributor further enhances Presence in North America

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced that it has acquired Pestell Nutrition (New Hamburg, ON – Canada), a distributor of feed additives, nutritional ingredients, macro and trace minerals, and pet specialty ingredients for the Animal Health, Animal Nutrition, and Pet Food sectors across Canada and the USA.

 

Barentz said the company has a significant position in Canada, and is on a fast-growing expansion into the U.S. Animal Nutrition market. It reached an annual turnover of approx. EUR 200 mn in 2020, shipping from over 20 warehouses and transloading facilities throughout North America.

 

The acquisition is subject to customary closing conditions including merger control clearances. No financial details were disclosed on the transaction.

 

Source: Barentz press release

 

HGE – DCG / 12.07.2021

Maroon Group acquires the Raw Materials and Specialty Chemicals Distribution Business of The Cary Company

U.S. Subsidiary of Netherlands-based Life Science Ingredients Distributor expands Business

Maroon Group LLC (Akron, OH – United States), the U.S. subsidiary of life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) last week announced that it has acquired the raw materials and specialty chemicals distribution business of packaging and constainers supplier The Cary Company (Addison (Chicago), IL – United States) for an undisclosed sum. The business acts as a specialty distributor in the Paint & Coatings, Adhesives and Plastics markets. According to the announcement, the transaction represents an ideal fit with Barentz’ strategy to support customers and principals / suppliers through industry-focused sales and technical teams with a dedicated sector coverage.

 

The management team, led by Brian Ehlert, will continue to actively manage the business on a day-to-day basis. It will remain located in the Chicago, IL area. Warehousing and logistical services for the business will continue to be provided by The Cary Company.

 

No financial details were provided on this transaction.

 

Source: Barentz press release, The Cary Company website

 

HGE – DCG / 12.03.2021

Barentz to acquire Majority Stake in Austrian Distributor Noack

Netherlands-based Life Science Ingredients Distributor enhances Presence in Central & Eastern Europe

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced that it has acquired a majority stake in Noack Group (Vienna, Austria), a specialized distributor of ingredients for the Animal Nutrition and Feed industry. In addition, the company serves the Food and Veterinary industry with a wide range of agrofood and veterinary diagnostic test systems.

 

Founded 1980 in Switzerland as a trading company involved in bartering transactions, and today headquartered in Vienna, Noack posted a turnover of EUR 60 mn in 2020. With more than 130 employees, the group has an extensive presence in Austria, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia and Slovenia. In the adjacent smaller countries, such as Northern Macedonia, Bosnia & Hercegovina and Moldavia, Noack cooperates with local partners, Barentz said in the announcement. 

 

The acquisition is subject to customary closing conditions, including regulatory and merger control approvals. No financial details were disclosed on the transaction.

 

Source: Barentz press release, Noack Group website

 

HGE – DCG / 01.03.2021

Barentz to acquire Sevecom S.p.A. in Italy

Netherlands-based Life Science Ingredients Distributor enhances its Position in Animal Nutrition with further “Buy & Build” Deal

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced that it has acquired Sevecom S.p.A. (Milano, Italy), a distributor of Animal Feed ingredients and additives, particularly Emulsifiers, for an undisclosed sum.

 

Founded in 1978 by Nazzaro Serino and Enrico Pigorini, Sevecon provides a range of ingredients and additives to the feed industry and to livestock breeders. The company has a range of own developments and patented formulations. According to the announcement “Sevecom’s small team of specialists is well known for its deep knowledge and technical solutions, delivering products with high nutritional and high technological value at the same time.”

 

Driving force behind the transaction is the plan to “further strengthen [the] position in the Animal Nutrition market, and its ‘buy-and-build’ strategy to achieve global leadership in life science ingredients markets”, Barentz said in a statement.

 

Source: Barentz press release

 

HGE – DCG / 06.11.2020

Barentz to acquire Singapore-based Nardev Chemie

Netherlands-based Life Science Ingredients Distributor further expands Presence in Asia-Pacific

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced yesterday that it has acquired Nardev Chemie Pte. Ltd. [“Nardev”] (Singapore, Singapore), a leading distributor of ingredients for the Personal Care industry in the Asia-Pacific region for an undisclosed sum.

 

Founded in 1989, Nardev is a highly specialised distributor, operating in Indonesia, Thailand, Vietnam, Malaysia and Singapore. Its approx. 90 employees provide technical support and formulation development from in-house laboratories, and state-of-the-art logistics for a portfolio of ca. 3’000 products, the announcement said. The current management team will remain active in the business.

 

Source: Barentz press release

 

HGE – DCG / 23.10.2020

Barentz enters Agreement to acquire Maroon Chemical

Netherlands-based Life Science Ingredients Distributor invests in a significant Expansion of its Activities in North America

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced yesterday that it has entered into a definitive agreement to acquire Maroon Group [“Maroon”] (Avon, Ohio – United States) a leading specialty chemicals distributor in North America with national operations covering the the U.S. market as well as activities across Canada through its subsidiary Cambrian Solutions Inc. (Oakville, Ontario -Canada).

 

Founded in 1977, Maroon generates an annual turnover of approx. USD 500 mn, the statement said. The group has approx. 300 employees that cover sectors such as HI&I [Cleaning], Personal Care & Pharmaceutical, Food & Nutrition, and CASE [Coatings, Adhesives, Sealants & Elastomers] across North America, supported by technical expertise and several specialised application laboratories. According to Barentz, Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the operations.

 

No financial details were disclosed on the transaction, which is expected to close by end of this year.

 

Source: Barentz press release, Maroon Group website, Cambrian Solutions website

 

HGE – DCG / 15.10.2020

Barentz to acquire Dutch Spice Specialists Royal Polak and De Weerd

Netherlands-based Life Science Ingredients Distributor enhances its Activities in “Taste & Nutrition”

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced that it has acquired two Dutch spice specialists, Royal Polak Spices (J.S. POLAK Koninklijke Specerijenmaalderij B.V.) and De Weerd Spicerijen B.V. (Steenwijk, The Netherlands) for an undisclosed amount.

 

Royal Polak is Europe’s leading business-to-business for Cinnamon, Bartetz said in the announcement. De Weerd is focused on natural taste development for the Meat, Snack and Vegetarian sub-sector. The businesses are complementary to the existing activities of Barentz. Jac Sars, previous owner of the two companies, has become a Board Member of Barentz Group and a Strategic Advisor.

 

No further financial details were disclosed on the transaction.

 

Source: Barentz press release

 

HGE – DCG / 10.09.2020

Barentz to acquire Conneco Chemicals in the Czech Republic

Netherlands-based Life Science Ingredients Distributor enhances its Position in the Health & Nutrition Field

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced that it has acquired Conneco Chemicals s.r.o. (Prague, Czech Republic), a specialist in formulating Dietary Supplements and Blending Ingredients for the Sport Nutrition, Fitness & Wellness, and Health Food markets.

 

The company was founded in 1994 by Sara Hronkova and has activities in both the Czech and the Slovak Republic. No financial details were disclosed on this transaction.

 

Source: Barentz press release

 

HGE – DCG / 02.09.2020

Cinven to invest in Barentz

Private Equity Firm to become a Shareholder in Netherlands based global Specialty Ingredients Distributor

Private Equity firm Cinven Limited (London, United Kingdom) announced yesterday that it has reached agreement to become a shareholder of global specialty  ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands).

 

Cinven said in a statement  that its Business Services and Benelux teams “identified Barentz as an attractive investment opportunity, given:

 

  • Its strong presence in attractive, structurally growing and resilient markets;
  • Its value-added proposition to both a large number of ingredient manufacturers and a highly diversified end-customer base;
  • Significant buy and build opportunities in a highly fragmented market. Barentz has a proven track record of executing and integrating acquisitions;
  • Strong historic financial performance and cash generation;
  • Opportunities to accelerate the growth of the business through investment in the Group’s infrastructure as well as R&D capabilities; and
  • Highly experienced management team, led by CEO Hidde van der Wal.”

No financial details were disclosed on the transaction. Completion is subject to customary conditions including competion clearances, Cinven said in the statement.

 

Source: Cinven press release

 

HGE – DCG / 27.11.2019