June 30 2021, David R Brown
Barentz International acquires Pestell Nutrition Inc. in North America
Leading global life science ingredients distributor, Barentz International has agreed to acquire Pestell Nutrition, a prominent distributor of ingredients for the animal health and nutrition and petfood markets in Canada and the US, from PE company Wind Point Partners. Terms of the transaction haven't been disclosed but the deal excludes Targeted PetCare, previously Pestell Pet Products, which will remain under Wind Point management.
It accelerates our strategic and aspirational positioning towards animal health and will maximize our chances for further growth in the USA
Hidde van der Wal
CEO of Barentz
Pestell Nutrition, headquartered in Ontario, Canada, distributes feed additive and nutritional ingredients, macro and trace mineral ingredients, and pet specialty ingredients to manufacturers across the United States and Canada. The company operates a network of more than 20 warehouse and logistics facilities across North America. The company achieved an annual turnover of approximately €200 million in 2020.
Hidde van der Wal, CEO of Barentz added: “This is a perfect moment to add these high-quality animal nutrition activities to our portfolio, after the successful rebranding of Maroon Group into Barentz North America. It brings the animal nutrition vertical into a more balanced position within our life science and specialty ingredients portfolio. It accelerates our strategic and aspirational positioning towards animal health and will maximize our chances for further growth in the USA, with numerous synergistic opportunities to create collaborations through our global network. I am really proud to welcome the Pestell team into our 'Barentz family'.”
Pestell Nutrition CEO Jerry Vergeer commented: “Over the past few years Pestell Nutrition has significantly expanded its nutritional offering to our customers, while at the same time expanding our footprint both in Canada and the USA. Barentz is a perfect fit for Pestell and being part of Barentz North America and the global Barentz network will lead to many opportunities.”
The acquisition is expected to close in Q3 2021 and follows the acquisition of Maroon Group in late 2020 and accelerates the strategic positioning of the Barentz Group towards animal health whilst establishing the animal nutrition vertical globally. Further growth is expected, especially in the US market. The acquisition is subject to customary closing conditions including merger control clearances.
About Barentz
Barentz is a leading global life science ingredients distributor. The company sources branded specialty ingredients from leading manufacturers worldwide and its ingredient experts provide value-added technical support which includes 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 €1.65 billion, the company employs around 1,500 people worldwide and serves over 21,000 customers.
Source(s): Barentz Press Release
Further Information
Visit: https://www.barentz.com