Barentz receives investment from Cinven to accelerate global expansion
Private equity firm Cinven has invested in Barentz, an ingredients provider. Headquartered in the Netherlands, Barentz distributes ingredients and additives for products to customers globally. The company sources speciality ingredients from manufacturers worldwide. Through its production facilities in Europe, North America and Asia, Barentz’s ingredient experts provide technical support, including pre-mixing, blending, ingredient formulation and ingredient testing.
Considering the distribution business is a “structurally growing market”, Barentz has planned to continue its expansion to serve their suppliers and customers on a global scale.
Hidde van de Wal, CEO of Barentz, commented: “We are delighted to be working with Cinven on the next phase of our growth. The Cinven team has impressed us with their understanding of our market and their 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.”
Ben Osnabrug, partner at Cinven, added: “The Cinven team knows the speciality distribution sector well, with the key trends driving 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.
“Cinven’s investment in Barentz resulted from a combination of our detailed sub-sector approach within Business Services, and our regional network in the Netherlands, and we are delighted to invest in this primary opportunity.”