Barentz enters into an agreement to acquire Pestell Nutrition, a prominent distributor in specialty ingredients for animal health, animal nutrition and pet food markets in Canada and the US.
Barentz International, a leading global life science ingredients distributor, expands its activities in North America. The company announced it has entered into an agreement to acquire Pestell Nutrition, a prominent distributor of feed additives, nutritional ingredients, macro and trace minerals, and pet specialty ingredients for animal health, animal nutrition, and pet food sectors across Canada and the USA.
Pestell Nutrition, headquartered in New Hamburg, Ontario, Canada, has a significant position in Canada and a fast-growing expansion into the US animal nutrition market. The company reached an annual turnover of approximately €200 million in 2020. The acquisition is subject to customary closing conditions including merger control clearances.
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. We will be able to further strengthen our partnerships with our customers and suppliers in Canada and USA and grow our business. Our team of animal nutrition experts is looking forward to exploring all new opportunities that arise from the Barentz regional and global network.”
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 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’.”
