The move will expand Barentz’s reach in new markets while strengthening Maroon’s North American business
Dutch ingredients supplier Barentz has acquired North American speciality distributor Maroon.
Expected to close this quarter, the move will expand Barentz’s activities in new markets as it moves to become a ‘global leader in life science’.
Maroon is said to generate an annual turnover of approximately US$500m and employs around 300 staff.
Maroon’s CEO Terry Hill and his management team will continue to manage the group’s operations.
“Terry Hill brings excellent experience and ‘know-how’,” said Barentz’s CEO Hidde van der Wal.
“He also knows my home country The Netherlands and Europe very well and has been highly successful and active in the global ingredients industry for more than 30 years.
“We are very pleased that he will join the Management Board of Barentz and guide us, with his very talented team of approximately 300 specialists, towards a smooth continuation of excellence and growth of both companies.”
Meanwhile, Hill described the move as a “logical decision”.
He said: “The deciding factor was that Barentz is already a global business and this creates tremendous opportunities to strengthen our business in North America and internationally – the biggest economy of the world, where we were small, until today.
“The combination will immediately make Barentz a leading global distributor with an excellent opportunity to establish new business segments in North America.
“It is a natural combination that enables us to offer quality and expertise to our combined customer base.”
The details of the transaction have not been released.