News Article 2021

 Home / News / 2021

February 23 2021, David R Brown

Barentz acquires a majority stake in the Noack Group

Barentz International, a leading global life science distributor, has expanded its activities in the Central East European region with the acquisition of a majority stake in the Noack Group, a specialized distributor of ingredients for the animal nutrition and feed industry. In addition, Noack serves the food and veterinary industry with a wide range of agrofood and veterinary diagnostic test systems.

Noack assists us with the expansion into Central Europe and opens many new territories

Hidde van der Wal
CEO of Barentz

The Noack group is headquartered in Vienna and has an extensive presence in Austria, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia and Slovenia. The group reported an annual turnover of €60 million in 2020 and employs more than 130 people. The acquisition is subject to customary closing conditions including merger control clearances.

CEO of Noack, Mr. Herbert Völkerer who will remain active in the company, commented: “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.”

Hidde van der Wal, CEO of Barentz added: “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.”

About Barentz
Barentz is a leading global life science ingredients distributor. The company sources branded specialty ingredients from leading manufacturers worldwide and its ingredient experts provide value-added technical support which includes pre-mixing, blending, ingredient formulation and ingredient testing from its state-of-the-art, customized formulation centers and application laboratories in EMEA, Americas and Asia-Pacific.

Established in 1953, Barentz has operations in more than 60 countries with a strong presence in EMEA and Asia-Pacific, and a rapidly growing presence in North America and Latin America. With a turnover of €1.4 billion, the company employs around 1,500 people worldwide and serves over 21,000 customers.

Source(s): Barentz Press Release

Further Information

Visit: https://www.barentz.com