Barentz Service To Purchase Sicos
Paderno Dugnano, Italy
Barentz Service s.r.l., the Italian distributor for Barentz Europe BV, one of Europe’s leading specialty raw materials companies, today announced the acquisition of Sicos s.r.l., a privately held ingredient distribution firm based in Northern Italy.
“Barentz has a clear vision and long term strategy for the specialty ingredients distribution market in Europe” says Oliver Fox, Managing Director of Barentz Service. “The philosophy and way of operating in the market, through exclusive distributorship in full transparency, is a seamless fit between Sicos and Barentz Service. Together we will be able to offer an even broader range of products and services to our customers.”
Barentz Service’s acquisition of Sicos reinforces its position as a leading ingredient distributor for the Italian market. Sicos is an Italian distribution company for the food, pharmaceutical and cosmetic industry and was founded almost 20 years ago by Massimo Marini and Aniceta Carzaniga. In that period, it has become one of Italy’s top food ingredient distribution companies.
Comments Dr. Marini, “We are delighted with this agreement as it guarantees maximum continuity for our customers, principals and employees. The Italian raw material distribution market is still very fragmented. With the Barentz network Sicos now forms part of an extensive pan-European distribution group and is set for rapid further growth.
“Barentz now has a leading presence in Italy. Contrary to most of our competitors, Barentz has developed through organic growth and will continue to do so in the future. However, acquisitions like this one, which fit our strategic objectives, will continue to be part of our future.” concludes Hidde van der Wal, CEO of Barentz Europe BV.
Barentz Europe BV only embarked on a pan-European presence ten years ago and the Barentz Service acquisition of Sicos clearly demonstrates the company’s intention to become the key specialty raw materials distributor in all European markets.
Contact:
Italy – Oliver Fox +39 02 99 05 04 04
Elsewhere - Rinus Heemskerk +31 23 567 3456
About Barentz Service
Barentz Service was formed in 2005 and is a 50/50 joint venture of Barentz Europe BV and Chemservice s.r.l. Barentz is a privately owned company and one of the leading specialty raw material companies in Europe, active with over 300 people in 25 countries. The turnover of the Barentz Group in 2006 was almost €400 Million. Chemservice s.r.l. is a major Italian chemical distribution company, founded in 1996, owned by the Fox family and based on their experience in industry and market distribution since 1947.
About Sicos
Sicos s.r.l. is a privately owned ingredient distribution company based in Arcore, Milan. It supplies specialty ingredient products and services from all over the world to the Italian food, nutritional, pharmaceutical and cosmetics markets. A portfolio of national and international customers completes the picture of a company which has rapidly and positively positioned itself at the centre of the Italian food specialties distribution market.