Maspex finalizes Agros Nova takeover

Leading Polish food processing group Maspex has acquired two plants from Agros Nova and as well as its brands: Łowicz, Krakus, Kotlin, Włocławek, Fruktus, Tarczyn and DrWitt. As a result, Masplex has established itself as the biggest food company on the Polish market, with a total annual revenue of PLN 4 billion. In December, Wadowice-based Maspex signed a preliminary agreement with PE fund IK Investment Partners to acquire  selected assets from Agros Nova, Maspex said in a press release on Friday. Financial terms were not disclosed. It is the eighth acquisition carried out by Maspex on the Polish market and its 17th overall.