Hortex to acquire frozen food distributor
12:48
Food producer Hortex has signed a preliminary deal to acquire frozen food distributor Ren. Under the agreement, which has to be approved by the Office of Competition and Consumer Protection, Hortex will also acquire shares in a number of food distributors owned by Ren.
“The deal will allow Ren to improve its liquidity significantly, pay its liabilities and an active development on the frozen food market,” the Hortex Holding CEO Tomasz Kurpisz, said. “We want to take advantage of Ren potential, “ he added. Hortex plans to increase market penetration.
