Ingredients distributor Barentz has received an investment from private equity firm Cinven, to help accelerate its global expansion. Financial terms of the transaction were not disclosed.
The Netherlands-based company distributes ingredients and additives for products to global customers, while it also sources branded speciality ingredients from manufactures worldwide.
With production facilities in Europe, North America and Asia, Barentz’ ingredient experts provide value-added technical support including pre-mixing, blending, ingredient formulation and ingredient testing.
According to Barentz, the distribution business is a structurally growing market and with its investment the company intends to expand in order to serve its suppliers and customers on a global scale.
Cinven claims it knows the speciality ingredients distribution market well and recognises the opportunities for both organic and buy and build growth.
“Barentz has a strong presence in a structurally growing market,” said Ben Osnabrug, a partner at Cinven.
Osnabrug added: “The Cinven team knows the speciality distribution sector well, with the key trends driving the growth of the food and life sciences ingredients market including a shift towards natural ingredients, increased demand for customised formulations, and a growing share of manufacturers using distributors to drive market access and to improve efficiencies.”
CEO of Barentz Hidde van der Wal said: “We are delighted to be working with Cinven on the next phase of our growth. The Cinven team has really impressed us with their understanding of our market and their strong track record of growing businesses internationally.
“In particular, their investment and support for our business strategy will enable us to expand our operations into new geographic markets, including through acquisition, and will ensure we have the right infrastructure to achieve this.”
Earlier this year, Barentz announced the formation of a joint venture with Dutch ingredients company TasteStrik.
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