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The acquisition expands the group’s footprint in Poland, complementing Azelis’ lateral value chain in the Food & Nutrition segment
Azelis, a leading innovation service provider in the speciality chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100 per cent of the shares of Hortimex Sp. z o.o. (Hortimex), a speciality chemicals distributor active in the food ingredients and nutraceuticals segments serving the Polish market.
The acquisition expands the group’s footprint in Poland, complementing Azelis’ lateral value chain in the Food & Nutrition segment. Azelis is active in this market thanks to its Regional Competence Center for Meat and Meat Alternatives, based in Poznań, Poland, while Hortimex is a well-established distributor of food ingredients with a particular focus on non-meat applications, such as human nutrition, functional preparations, confectionery, and bakery. The acquisition represents a unique opportunity to serve local customers better and accelerate growth in Poland, thanks to an extensive product range, experienced sales and technical teams, and long-standing business relationships with principals.
Established in 1988 by the Kowalewski family and based in Konin, Hortimex has grown to be a leader in health ingredients and speciality products to food production companies in Poland. The company is supported by a team of 35 employees, including experienced sales and technical specialists, serving over 800 customers.
The transaction is expected to close in the fourth quarter, upon fulfilment of customary transaction conditions.