08 - 12 - 2011
RFI and Barentz combine sourcing activities Asia
Barentz Europe B.V. – Netherlands – will acquire a controlling stake in RFI (REWE Food Ingredients) – Germany- by January 2012. This will strengthen the visibility of both organizations in Europe and Asia and offers a solid basis for further growth. With this move Barentz expects to become the European leader in sourcing food ingredients from Asia.
European leader sourcing Asian food ingredients
The joint forces combine a lot of expertise in sourcing food ingredients from Asia. Both organizations deliver their products to food producers all over Europe and work according to European quality standards. The combination of their expertise in quality assurance, logistics and inventory management and the sum of their product portfolios form a good basis for further growth of their Asian sourcing business in Europe. RFI and Barentz are convinced that the combination of these sourcing activities provides the required scale to become one of the leading Asian sourcing distributors in Europe with a strong focus on food ingredients.
About REWE Food Ingredients (RFI)
REWE Food Ingredients (RFI), Köln, founded in 1999 is a recognised specialist in the trade of food ingredients from Asia. RFI is, amongst others, the leading distributor in Tartaric Acid, Malic Acid and sweeteners in Europe. The company offers adequate services, logistics and inventory management to customers like food producers, pharmaceutical and animal nutrition companies. RFI shows a yearly increase in turnover, currently about 50 Mio Euro per year.
About Barentz Europe B.V.
The Barentz Group is a privately owned company founded in 1953 in Amsterdam, The Netherlands. Today Barentz has a leading Pan European position distributing ingredients and additives for the food, pharmaceutical & cosmetic, chemical and animal nutrition industries. The group has built long term relationships with worldwide suppliers and European producers and shows solid financial results. Barentz has its presence in 26 countries in Europe and employs more than 400 employees with an estimated turnover of more than 600 Mio Euro in 2011. Barentz’ drive is to further expand its positions within all four divisions all over Europe. This growth must be attained by providing innovative and creative solutions based on in depth knowledge of the markets, products and applications. Barentz owns 2 Centres of Excellence, 3 production locations, different laboratories and a sourcing office in Asia.
About Barentz Sourcing Asia
Barentz Sourcing Asia, established in 2004, is part of Barentz Europe B.V. and focuses on the sourcing of food ingredients from Asia. Barentz Sourcing Asia has its own office in Changzhou in China. Quality of the sourced ingredients is guaranteed by Lloyds certificated auditing teams that audit local suppliers with whom Barentz Sourcing has long term relationships.
Karsten Lätsch, Managing Director of RFI: “Working together with Barentz brings a lot of opportunities and synergies related to the purchasing of food ingredients and at the same time it offers RFI a broadened sales area through the 26 countries where Barentz has its presence.”
Hidde van der Wal, CEO of Barentz Europe B.V.: “RFI brings years of experience with regard to sourcing of food ingredients in Asia and has good relationships with top suppliers. Together we can develop more critical mass and can strengthen our cost leadership position.“
For more information please contact: Helen.Armstrong@Barentz.com
16 - 11 - 2011
The Ravago Group (Belgium) and Barentz Europe B.V. (Netherlands) decided to combine their chemical distribution activities in a new 50/50 joint venture Barentz Ravago Chemical Specialist SA. The new company will be operational as of January 2012 and aims to become one of the leading chemical speciality distributors in Europe.
EMEA coverage of chemical distribution activities
The new joint venture will have total consolidated sales of over 160M€ with an excellent geographical spread covering Western, Central and Eastern Europe, Russia and several CIS countries as well as the Middle East and Africa. Additionally the new Joint Venture will cooperate with the Campi y Jové group, a joint venture held 50% by Ravago, which covers Iberia and North Africa and having sales of 250M€. Together this results in a very attractive distribution footprint for chemical producers with combined, non consolidated sales of over 400M€.
Solid basis for further growth
Ravago and Barentz are convinced that the combination of these chemical activities provides the joint venture with the required scale to become one of the leading chemical distributors with a strong focus on chemical speciality, thanks to the expertise of the teams, the pan-European and EMEA coverage and the strong relationships with principals and customers. Barentz Ravago Chemical Specialist SA will focus more and more on Pan European new business with current and new Principals.
The new joint venture will employ about 100 professionals spread over the different countries. Hidde van der Wal, CEO of the Barentz Group, will be the CEO of Barentz Ravago Chemical Specialist SA.
About the Ravago Group
Ravago is a privately owned multinational company, based in Belgium and founded in 1961. The Ravago Group offers an extensive product portfolio of plastics, rubbers and chemicals. They provide distribution, resale, compounding and recycling services for plastic and elastomeric raw materials and have a broad network of 200 regional sales offices and production locations. Total consolidated sales in 2010 amount to 4.3 Bn Euro and the group employs over 3900 persons.
About Barentz Europe B.V.
The Barentz Group is a privately owned company founded in 1953 in Amsterdam, The Netherlands. Today Barentz has a leading Pan European position distributing ingredients and additives for the food, pharmaceutical & cosmetic, chemical and animal nutrition industries. The group has built long term relationships with worldwide suppliers and European producers and shows solid financial results.
Barentz has its presence in 26 countries in Europe and employs more than 400 employees with an estimated turnover of more than 600 MIO Euro in 2011. Barentz’ drive is to further expand its positions within all four divisions all over Europe. This growth must be attained by providing innovative and creative solutions based on in depth knowledge of the markets, products and applications. Barentz owns 2 Centres of Excellence, 3 production locations, different laboratories and a sourcing office in Asia.
About Campi y Jové
Campi y Jové distributes ingredients for the food, feed, pharma and chemical industries. Founded in 1923 in Spain and now serving Spain, Portugal and North Africa, Campi y Jové ranks within the top 20 European distributors with a yearly turnover of over 250 Mio Euro. The Ravago Group has a 50% part in Campi y Jové.
Theo Roussis, CEO of the Ravago Group: “This new family owned group of companies offers a very powerful true Pan European alternative for the chemical industries. It enables us to grow faster with our principals and customers.”
Hidde van der Wal, CEO of Barentz Europe B.V.: “It is fascinating to see that we create a new leader in the Chemical Distribution. A tremendous amount of knowledge and experience is bundled to create value and solutions for all our partners. It is a new start to create much more opportunities, including direct access to the Middle East and Africa.“
For more information please contact Paul Depuydt, CFO of the Ravago Group, Paul.Depuydt@ravago.com or Helen Armstrong Helen.Armstrong@Barentz.com.
07 - 11 - 2011
The last week of October 2011 Barentz shared a booth with INDIS at the CPhI in Frankfurt.
This was the first participation of Barentz at the CPhI and we are convinced it was very useful to have an own booth.
Many of our customers visited us and there were a lot of interesting meetings with new potential customers as well.
We thank our business partners for visiting us hope to welcome you again in Madrid in October 2012.
17 - 06 - 2011
With this step the Joint Venture between Barentz and Campi y Jove strengthen its business and improve its distribution performance in the North African region.
The new company, named Barentz Campi y Jové Carthage S.A.R.L. will be based in Mornag (Tunis). BCJ Carthage will countwith full localnetwork: own warehouse prepared forfood and feed and local technical support for sales.
With this new investment the Group confirms their faith in the future growth prospects of North Africa region.
17 - 06 - 2011
CHEManager Europe No.6/2011
With the chemical industry posting phenomenal Q1 numbers, it’s clear that the worst of the economic crisis is over. The same goes for chemical distributors in Europe, who will be gathering in Vienna June 6–8 for the annual European Association of Chemical Distributors (Fecc) congress. This year’s motto, “Turning challenges into opportunity” sums up the strategy many Feccmember companies employed when the going got rough. Brandi Schuster asked the leaders of several Fecc member companies about the lessons they learned from the downturn; their take on continuing consolidation within chemical distribution; and the trends that will shape the market over the next 12 months.
Europe‘s Chemical Distributors on the Lessons Learned from the Global Recession
Read the vision of our Board Member Pavel Kratochvil:
The most significant changes within the chemical distribution have been the exact following or copying of all changes in the chemical industry, as well as changes in consumer behavior. Consumer behavior has been dominated by uncertainty with regard to the future and future economic developments. Therefore, slow down of consumption has been followed by slow down of production, followed by cost reduction – or at least cost awareness. At least this point was very positive, and we have learned a lot from this. It forced us to look in the mirror and see where and what we can do much more efficiently and practically. In many cases, we came back to the original roots – to make business simple. This goes for production companies, distributors and even for our private lives.
The gap between the three largest players nd everyone else within chemical distribution is indeed significant. It is significant in the size of the business, in the revenue, global coverage and other parameters, but one can question if we are not comparing apples with oranges. In the current worldwide economic recovery, we can see increased appetite of the huge chemical companies for investments, and owners of the three biggest distributors striving for further acquisition. This is driven by pure financial criteria, meaning showing either growth of shares on the stock exchange or showing expected return on invested capital.
Medium-sized distributors, often still family owned, have different roles and ambitions, such as being a long term global partner for their principals and strengthening their position while making a profit out of it. We haven’t seen a lot of mergers, acquisitions or other alliances among these medium-sized distributors yet, but some of them shall step out and will become visible very soon. The real smallest ones, particularly real local ones, will hardly survive and stay alone, unless they are very specialized or even niche in the certain segments or region.
Mergers among the biggest chemical producers will create big and strong groups, affecting the way they select their distributors. They will require pan-European and non conflicting distributors. The organic growth of top distributors certainly has its own limits, following stronger or weaker economic growth. Therefore the biggest growth model needs to come through acquisitions. This will, however, create at the same time more and more conflicts of interests for the principals.
Barentz strongly believes in a nonconflict of interests and consequently foresees a lot of new opportunities due to this dangerous growth policy of the top big three to five players. Medium-sized distributors will grow by smaller acquisitions, alliances and or joint ventures. Consequently the smallest ones, without any perspective and plans, will disappear.
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