M&A Deal Summary

Azelis Acquires Hortimex

On September 26, 2024, Azelis acquired distribution company Hortimex

Acquisition Highlights
  • This is Azelis’ 44th transaction in the Distribution sector.
  • This is Azelis’ 2nd transaction in Poland.

M&A Deal Summary
Date 2024-09-26
Target Hortimex
Sector Distribution
Buyer(s) Azelis
Deal Type Add-on Acquisition

Target

Hortimex

Konin, Poland
Hortimex is a chemicals distributor active in the food ingredients and nutraceuticals segments serving the Polish market. Hortimex was formed in 1988 and is headquartered in Konin, Poland

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Buyer(S) 1

Buyer

Azelis

Antwerp, Belgium
Category Company
Founded 2001
Sector Distribution
Employees3,481
Revenue 4.2B EUR (2023)
DESCRIPTION

Azelis is a distributor of specialty chemicals and food ingredients, providing diverse products and innovative services. Azelis was founded in 2001 and is based in Antwerp, Belgium.

DEAL STATS #
Overall 56 of 57
Sector (Distribution) 44 of 45
Type (Add-on Acquisition) 50 of 51
Country (Poland) 2 of 2
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 CPS Chemicals

Durban, South Africa

CPS Chemicals distributes raw materials to petroleum, additive, grease manufacturing, and other industry-related segments. It represents leading global suppliers and serves a large group of customers with an extensive portfolio of products alongside commercial and technical support. CPS Chemicals was formed in 1993 and is based in Durban, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Haarla

Tampere, Finland

Haarla is a distributor of food ingredients and industrial chemicals. Haarla was founded in 1962 and is based in Tampere, Finland.

Buy -
Mergr

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