Barentz International acquired ACE Trade CZ, a distributor of specialty ingredients for the personal care, home care, and industrial markets.
Extending Network of Local Logistic Centers
The acquisition strengthens Barentz’s presence in the Czech Republic, particularly in the personal care, home care, and industrial performance materials market segments, in addition to some activities in the human nutrition market.
The acquisition further extends Barentz CZ’s strong local network of logistic centers and application laboratories.
Pavel Kratochvil, executive vice president of Barentz CZ, commented, “
ACE Trade CZ has built a very strong position as distributor in the Czech Republic market. They have proven their added value, particularly in the personal care and home care markets, where they have shown great results in developing customized 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 Mr. Aleš Motyčka, the current managing director. “
The current ACE Trade managing director will remain in charge during the integration of all activities into Barentz CZ. The company has over 24 years of experience in the specialty ingredients sector and is well known for the added value it brings to the cosmetics industry.
Certain activities will be integrated into the Barentz CZ operations over the coming six months, whilst the current ACE Trade management oversees a smooth transition. ACE Trade CZ will continue to operate under its own name and entity for a limited period of time.
Source: Barentz International