The Avallom Fund took over the Hortimex company from the food industry

Avallon MBO Fund III has acquired a stake in Hortimex, which acts as a platform for global producers of advanced food raw materials, as part of an M&A transaction, the fund said.

“The business goal of the transaction is to build a strong entity in the CEE region. Over the next few years, the company is expected to significantly increase its share in the distribution market, both organically and through industry consolidation. The company's plans are in line with market trends - the growing demand for functional ingredients, with an emphasis on natural and health-promoting products, as well as the growing popularity of plant meat substitutes, ”reads the release.

As part of the adopted M&A strategy, we are establishing acquisitions in the areas of distribution, complementing Hortimex's current operating activities, both in terms of foreign expansion, new categories of food products, and other industries served. Mateusz Kowalewski is a great manager with extensive knowledge of the food ingredients market. Thanks to his experience, we will be able to consistently implement the assumed development strategy, ”said Marcin Konarski, partner at Avallon MBO, quoted in the release.

After the purchase of Hortimex, the Avallon fund's portfolios will include 7 other companies: Wosana - from the food industry, Stangl Technik - providing installation services, EDC Expert marketing company, Marketplanet purchasing platform, Novo Tech dealing in polymer processing and Clovin - a production company cleaning agents and Norlys - a manufacturer of premium class lamps and outdoor lighting. At the same time, Avallon is actively looking for further investments. The Avallon MBO III fund raised EUR 137 million for this purpose, summed up.

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