Deal will allow for expansion in Canada, US
Global life science ingredient distributor Barentz International has entered into an agreement to acquire Pestell Nutrition, a distributor of feed additives, nutritional ingredients macro and trace minerals, and pet specialty ingredients.
Pestell Nutrition, headquartered in New Hamburg, Ontario, Canada, has a significant position in Canada and a fast-growing expansion into the U.S. animal nutrition market. The company reached an annual turnover of approximately EUR200 million (US$236.3 million) in 2020. The acquisition is subject to customary closing conditions including merger control clearances.
“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,” said Pestell Nutrition CEO Jerry Vergeer. “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.”
The entire Pestell Nutrition and Origination team will continue to lead the Animal Nutrition segment under Pestell Nutrition, as part of Barentz North America, and continue to operate out of all existing locations. Origination is a division of Pestell Nutrition and operates in the U.S.
“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,” said Hidde van der Wal, CEO of Barentz. “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.”