Specialty chemical and food ingredients distributor Azelis has signed a deal to fully acquire Hortimex, a company that supplies nutraceuticals and food ingredients, increasing its presence in the Polish market. 

The Belgian innovation service provider has signed a deal to buy 100% of Hortimex’s shares. The financial details of the transaction are not public yet, but the deal is expected to close in the fourth quarter, subject to fulfillment of customary transaction conditions.

The companies note that the acquisition offers an opportunity to better serve local customers and enhance growth in Poland with a large product range and strong business relations with principals.

Małgorzata Makówka, managing director of Azelis Poland and Ukraine, says: “Hortimex’s portfolio and competencies perfectly complement Azelis’ local footprint, creating a compelling proposition for both customers and principals in the food and nutraceuticals market.”

Strengthening value chains

The acquisition could improve Azelis’ lateral value chain in the food and nutrition sector. Its Regional Competence Center for Meat and Meat Alternatives, based in Poznań, Poland, enables it to conduct production process trials and develop recipes and products that meet evolving consumer needs.

Mateusz Kowalewski, CEO at Hortimex, comments: “We are aligned with Azelis’ vision of ‘innovation through formulation’ and are excited to leverage our combined capabilities to accelerate our growth in the Polish markets.”