Azelis, a leading innovation 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 specialty chemicals distributor active in the food ingredients and nutraceuticals segments serving the Polish market.
Azelis is active in this market thanks to its Regional Competence Center for Meat and Meat Alternatives, based in Poznań, Poland, whereas 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 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 more than 800 customers.
The transaction is expected to close in the fourth quarter, upon fulfilment of customary transaction conditions.