12.22.11
Natural ingredients supplier Naturex has reached an agreement with the Polish Industrial Development Agency (Agencja Rozwoju Przemysłu S.A - ARP), to acquire 100% of the capital of Zpow Pektowin SA (Pektowin), a Polish company based in Jaslo (South-East of the country), specialized in the production of apple and citrus pectins, fruit and vegetable juice concentrates and, for a smaller proportion, the preparation of processed food products.
The full completion of this acquisition is subject to the final agreement of the Polish Ministry of the Treasury, which should confirm the privatization of PEKTOWIN by the end of January 2012.
This second acquisition of the year (purchase of Burgundy Botanical Extracts on Oct. 24, 2011) fits in perfectly with the group’s strategy to accelerate its international development, expand its product range and strengthen its industrial presence, particularly in emerging countries.
More info: www.naturex.com
The full completion of this acquisition is subject to the final agreement of the Polish Ministry of the Treasury, which should confirm the privatization of PEKTOWIN by the end of January 2012.
This second acquisition of the year (purchase of Burgundy Botanical Extracts on Oct. 24, 2011) fits in perfectly with the group’s strategy to accelerate its international development, expand its product range and strengthen its industrial presence, particularly in emerging countries.
More info: www.naturex.com