Azelis expands presence in Polish market with Hortimex acquisition
Azelis has signed an agreement to acquire 100% of the shares of Hortimex, a specialty 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’ invovlement in the food and 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 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.
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 transaction is expected to close in the fourth quarter, upon fulfilment of customary transaction conditions.
Mateusz Kowalewski, chief executive officer at Hortimex, notes that after 36 years developing the family business is 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,” the specialty chemicals and food ingredients industry’s CEO says.
Małgorzata Makówka, managing director Azelis Poland & Ukraine, adds: “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.”
