March 17 2015, David R Brown
Barentz teams up with anonymous equity investor to accelerate growth
Barentz, a leading distributor of ingredients, has found a strong equity partner with the help of Holland Corporate Finance (HCF), a Dutch mid-market coporate finance firm that assists Barentz with acquisitions. Barentz said an injection capital from an ‘anonymous’ investor will be used initially to support growth in the animal feed and pet food sectors.
The position we are in now requires a different scale of investment
Hidde van der Wal
CEO of Barentz International
Marc van de Put, partner at Holland Corporate Finance, adds: “We are pleased that Barentz can kick off the year with a capital investment from a strong equity partner which perfectly fits with the Barentz culture. Our next step together is to find suitable acquisition candidates in Barentz' core distribution markets in the food & nutrition, pharmaceutical, personal care and animal nutrition industries in order to accelerate the growth strategy of Barentz.”
The ingredients distribution market has seen major consolidation activities in the past decade. Hidde van der Wal, CEO of Barentz International, comments: “The consolidation trend in the distribution business is driven by, among others, the reduction of distributor relationships maintained by suppliers and a globalisation of the industry, which force ingredients distributors to increase their geographical reach and expand their product portfolio in order to achieve critical mass and realise economies of scale. These drivers are expected to result in a further consolidation in the coming years.”
Barentz has had an active role in the market consolidation, which included the successful acquisitions of Vitablend (2008), Agri Nutrition (2008), Forum Products (2011) and Maustepalvelu (2014). The majority participations in RFI (2011), Prochifar (2012), NK Chemicals (2013) and Additive Solutions (2014) have enabled Barentz to strengthen its market position and expand its geographical reach even further.
About Barentz International
Barentz is a leading international, full-service ingredients provider for the animal nutrition, food & nutrition, pharmaceutical and personal care. With a strong focus on the European market, and growing business in the Asia Pacific region and in North America, the Barentz group generated a turnover of 880 million Euros in 2013, serving customers in 50 countries with around 500 people.
Source(s): Barentz Press Release
Further Information
Visit: http://www.barentz.com