Barentz International has expanded its activities in the Central East European region. The company announced the acquisition of a majority stake in the Noack Group, a specialized distributor of ingredients for the animal nutrition and feed industry.
Noack International was founded in 1980 in Switzerland. As a supplier to the animal feed industry, specialized in feed additives and feed specialties. Noack serves the food and veterinary industry with a wide range of agrofood and veterinary diagnostic test systems. The company is headquartered in Vienna and has an extensive presence in Austria, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia and Slovenia. In the adjacent countries, as Northern Macedonia, Bosnia & Hercegovina and Moldavia Noack cooperates with local partners. The group reached an annual turnover of €60 million in 2020. The acquisition is subject to customary closing conditions including merger control clearances.
“Since the start of our company we have created long lasting, excellent relationships with our suppliers and customers. Over the years, this has helped us ensure a very solid market position in Central Europe. The next steps for the company include further expansion in this market with new product launches. That’s where the quality of Barentz’ network is crucial. New blood brings continuity and new business development opportunities for our customers and suppliers,” according to Herbert Völkerer, chief executive officer who will remain active in the company.
Hidde van der Wal, CEO of Barentz adds: “Our European animal nutrition activities have a very strong presence in Western Europe and our local expertise, supported by our technical teams, fits uniquely with Noack’s product portfolio. Noack assists us with the expansion into Central Europe and opens many new territories. This takeover is a natural fit and will create strong potential growth for Noack’s customers and suppliers. I am convinced, that all parties involved, will benefit from this partnership.”