The acquisition intends to strengthen Barentz’ presence in Czech Republic, especially in the human nutrition market as well as the personal care segment.
Barentz also believe the acquisition will extend its local network of logistic centres and application laboratories. No financial details of the deal were disclosed.
“ACE Trade CZ has built a very strong position as distributor in the Czech Republic market,” comments Pavel Kratochvil, Executive vice president of Barentz CZ.
“They have proven their added value, particularly in the personal care and homecare markets, where they have shown great results in developing customised formulations.
“Their focus on knowledge and entrepreneurship strongly connects with our Barentz business principles and values.
“We warmly welcome their team and are dedicated to ensuring a smooth integration of people and business, with the help of Aleš Motyčka, the current managing director. “
Further agreement terms
Further terms of the agreement will see ACE Trade CZ continue to operate under its own name and entity for a limited period of time.
Activities will be integrated into the Barentz CZ operations over the coming six months, whilst the current ACE Trade management oversees a smooth transition.
The acquisition is the latest in a series of agreements that has seen the firm strengthen its presence in certain European market segments.
In March, Barentz acquired Unipex, a French distributor of life science ingredients and specialty chemicals boosting its presence in France and its current European network.
"ingredients" - Google News
July 27, 2022 at 12:00PM
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Barentz acquires Czech-based ingredients distributor - NutraIngredients.com
"ingredients" - Google News
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