Barentz International, a global life science ingredients distributor, plans to acquire Pestell Nutrition, a distributor of feed additives, nutritional ingredients, macro and trace minerals, and pet specialty ingredients for the animal health, animal nutrition and pet food sectors across Canada and the U.S.
Financial terms of the deal were not disclosed. The acquisition is subject to customary closing conditions including merger control clearances.
Pestell Nutrition, headquartered in Ontario, has a significant position in Canada and is expanding into the U.S. animal nutrition market.
Pestell Nutrition CEO Jerry Vergeer said, “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, said, “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. I am really proud to welcome the Pestell team into our ‘Barentz family.’”