November 2 2020, David R Brown
Barentz acquires Italian-based Emulsifier Specialist, Sevecom
Barentz, a leading global distributor of life science ingredients has acquired Sevecom Spa, an Italian specialist distributor of emulsifiers with their own developed and patented solutions for animal nutrition. The acquisition of Sevecom is aligned with Barentz' strategy to become a global leader in life science ingredients and to further expand its animal nutrition solutions business.
Sevecom has a very strong position, with patented emulsifiers - together with our animal nutrition team and our global network there will be new opportunities to offer added value to all feed industry customersHidde van der Wal
CEO of Barentz
Sevecom is a family-owned company that has over 40 years of experience developing solutions for the feed market. The acquisition is in line with Barentz' strategy to further strengthen its position in the animal nutrition market, and its 'buy-and-build' strategy to achieve global leadership in life science ingredients markets.
“Since starting our company in 1978, we have always invested in knowledge, via our well-experienced team of nutritionists and technicians, in order to really make the difference for our customers,” said Sevecom's Founders, Mr. Nazzaro Serino and Mr. Enrico Pigorini. “To continue this success, we have had to scale-up and find a partner with a wider international network that facilitates our growth. In Barentz, we have found just the right partner to continue our journey. They have the same passion for animal nutrition as us, and they know what partnership means to a family-owned business.”
According to Hidde van der Wal, CEO of Barentz, the acquisition perfectly fits in Barentz' portfolio for animal nutrition. “Sevecom has a very strong position, with patented emulsifiers. Together with our animal nutrition team and our global network there will be new opportunities to offer added value to all feed industry customers. We are excited to begin this new journey, together with this specialized Sevecom team that will remain responsible for the day-to-day business,” he remarked.
The exact terms of the transaction have not been disclosed.
Barentz is a leading global life science ingredients distributor. The company sources branded specialty ingredients from leading manufacturers worldwide and its ingredients experts provide value-added technical support (including pre-mixing, blending, ingredient formulation and ingredient testing) from its state-of-the-art, customized formulation centers and application laboratories in EMEA, Americas and Asia-Pacific.
Established in 1953, Barentz has operations in more than 60 countries with a strong presence in EMEA and Asia-Pacific, and a rapidly growing presence in North America and Latin America. With a turnover of € 1.4 billion, the company employs around 1,500 people worldwide and serves over 21,000 customers.
Source(s): Barentz Press Release