Barentz will acquire the distributor of specialty ingredients for petfood and animal health/nutrition markets to expand its North American activities.
Pestell, headquartered in Ontario (Canada), is a distributor of feed additives, nutritional ingredients, macro and trace minerals, and pet specialty ingredients.
The company reached an annual turnover of approximately €200 million ($235M) in 2020.
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.”
Terms of the agreement are undisclosed.
