30 June 2021 - Barentz International has announced it has entered into an agreement to acquire Pestell Nutrition Inc., a Canada-based distributor of feed additives, nutritional ingredients, macro and trace minerals, and pet specialty ingredients in North America.
Founded in 1972, Pestell Nutrition is headquartered in New Hamburg, Ontario. The company recorded an annual turnover of approximately €200 million in 2020 and employs around 110 people across 20 warehouses and transloading facilities throughout North America.
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 US. 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.”
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.”
The acquisition is subject to customary closing conditions.
