September 26 2024, David R Brown
Azelis strengthens its food and nutraceuticals footprint in Poland with the acquisition of Hortimex
Azelis, a leading distributor and service provider in the specialty chemicals and food ingredients industry, has signed an agreement to acquire 100% of the shares of Hortimex Sp. z o.o., a distributor of food ingredients and nutraceuticals serving the Polish market.
Hortimex's portfolio and competencies perfectly complement Azelis' local footprint, creating a compelling proposition for both customers and principals in the food & nutraceuticals market
Małgorzata Makówka
Managing Director at Azelis Poland & Ukraine
Established in 1988 by the Kowalewski family and based in Konin, Hortimex has grown to be a leader in health ingredients and specialty 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 acquisition expands Azelis' footprint in the food industry in Poland which includes its Regional Competence Center for Meat and Meat Alternatives, based in Poznań. The acquisition also presents an 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.
Mateusz Kowalewski, Chief Executive Officer at Hortimex, commented: “After 36 years developing our family business, we are excited to join Azelis and open the door to new opportunities. We are fully aligned with Azelis' vision of 'innovation through formulation', and are excited to leverage our combined capabilities to accelerate our growth in the Polish food and nutraceuticals markets.”
Małgorzata Makówka, Managing Director Azelis Poland & Ukraine, added: “We are delighted to welcome Hortimex, a recognized company in the industry with a strong track record of excellence and customer satisfaction, to the Azelis team. Hortimex's portfolio and competencies perfectly complement Azelis' local footprint, creating a compelling proposition for both customers and principals in the food & nutraceuticals market.”
The transaction is expected to close in the fourth quarter, upon fulfilment of customary transaction conditions.
About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 65 countries across the globe with over 4,200 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 63,000 customers, supported by ~2,800 principal relationships, creating a turnover of €4.2 billion (2023). Azelis Group NV is listed on Euronext Brussels under ticker AZE.
Source(s): Azelis Press Release
Further Information
Visit: https://www.azelis.com