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
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
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
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
Further enhanced Pharma Industry Coverage for Rotterdam based Distribution Group
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced earlier this week that it has signed an agreement to acquire 100% of the shares in ingredients distributor Siyeza Fine Chem Propriety Limited [“Siyeza”] (Johannesburg, South Africa).
Founded in 2007, the company is a leading distributor of Pharmaceutical, Veterinary, Food and Personal Care speciality chemical ingredients in South Africa, IMCD said in the announcement. The company has 27 employees and generated revenues of EUR 11.7 mn in 2019. It represents producers from Europe and Asia.
Closing of the transaction is subject to a regulatory review. It is expected for December 2020. The company will continue with its present management and staff.
No financial details were disclosed on this transaction.
Source: IMCD press release
HGE – DCG / 04.09.2020
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
Dutch Distribution Group enhances Pharma Industry Coverage in China
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced that it has signed an agreement to acquire the Pharmaceutical Business in China of Develing International Trade (Shanghai) Co. Ltd. (“Develing”) (Shanghai, China) for an undisclosed sum.
Develing International, with head office in Shanghai, is a Dutch sales and distribution company (B2B) of high-quality ingredients for the Food, Pharmaceutical, Chemical, and Feed industry in China and Vietnam. Its holding office is located in Bunschoten-Spakenburg, The Netherlands. The group has a number of subsidiaries in China, Vietnam and the United States. With a staff of more than 90 employees it realises sales in excess of EUR 120 mn per annum.
The acquired business, representing sales of approx. EUR 10 mn annually, will be integrated into IMCD China’s business unit Pharma. There will be synergies with IMCD’s existing product range, the company said in the announcement.
No financial details were disclosed on this transaction, which is subject to a number of closing conditions being fulfilled.
Source: IMCD press release, Develing website, DistriConsult analysis
HGE – DCG / 15.05.2020
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
Canadian Distributor bolsters its U.S. Presence for Pharma and Nutrition Ingredients
Family owned speciality chemicals distributor Quadra Chemicals Ltd. (Vaudreuil-Dorion, Quebec – Canada) recently announced that the company has acquired PlusPharma, Inc. (Vista, California – United States), a privately held distributor of specialty ingredients for the Pharmaceutical and Nutritional Supplements markets.
The acquired company has been active for over 30 years, Quadra said in a statement. It has a technical support team that is “assisting customers by offering formulation advice, troubleshooting production challenges, and conducting on-site training.”
Quadra had first expanded from Canada into the United States in 2016, when it set up its U.S. subsidiary Quadra Chemicals, Inc. (Woodlands, Texas – United States), which represents the company’s Reseources Division, responsible for both the Mining and Energy Groups.
Source: Quadra press release
HGE – DCG / 11.11.2019