PE fund acquires food producer Hortex

Private equity fund Mid Europa Partners has signed an agreement to acquire 100 percent of shares of juice, drinks and frozen fruit and vegetable producer Hortex from a fund controlled by Argan Capital, they buyer stated. The deal is subject to an approval from consumer watchdog UOKiK and it is set to be concluded in Q1 2018. The new owner wants to support Hortex in launching new products, entering new market segments and future acquisitions.