Hortex is a company in Poland that produces frozen foods and branded fruit juices.
There are over 1600 employees that work for Hortex in Poland. There are many seasonal employees that are hired during the time of processing fruits and vegetables. The processing plants are located in Przysucha, near Radom, Ryki and Skierniewice. There are 90,000 retail outlets throughout Poland that sell Hortex products.[1]
Overviewedit
Company was established in 1958 as Przedsiębiorstwo Handlu Zagranicznego "Hortex" operating within the framework of Centrala Spółdzielnia Ogrodniczych (CSO). In the 1970s, it was one of the main suppliers of agri-food products in Poland, and in the 1980s, a producer of apple juice concentrate.
In 1989, the assets of the company were taken over by Hortex Sp. z o.o., which was to be privatized in 1994 as part of the stock and employee privatization, but remained in the hands of the State Treasury. Bad management in this period resulted in significant debt so in 1997 restructuring was carried out, during which there were irregularities identified by the Supreme Audit Office.[2] In 1997, the company changed its name to Hortex Holding Spółka Akcyjna.
In 1999, the main shareholders of the company were BGŻ, Bank Handlowy, EBRD and Bank of America. As part of the restructuring process, 7 out of 10 factories were sold, including one to an employee-owned company. In 2003, Bank of America bought shares from other shareholders and in 2006, the European private equity fund Argan Capital terminated its cooperation with Bank of America and bought from it shares of some companies that it had so far managed on behalf of the bank, including Hortex Holding.[3] In 2012, in place of the existing enterprise, three companies were created: the juice producer Hortex Holding SA, the freezer producer Ortika Polska Sp. z o.o. and Hortex Marketing Services Sp. z o.o., which provides marketing services for the other two companies. In 2013, the Argan Capital fund offered Hortex shares for an estimated amount of EUR 300 million, but, due to the lack of investors, it did not take place. In June 2017, the company was put up for sale again.[4] The buyer was the private equity fund Mid-Europa Partners, and the estimated value of the transaction was EUR 200 million.[5] The transaction was closed on January 23 of the following year.[6]
The Hortex brand name comes from two words: hortus — garden and export.[7]
The Hortex group also includes the company Polski Ogród Sp. z o.o.[8][9]
Referencesedit
^. Hortex. Archived from the original on 23 September 2013. Retrieved 31 January 2013.
^. 2015-05-17. Archived from the original on 17 May 2015. Retrieved 2022-03-13.
^"Hortex trafił do Argan Capital". pb.pl (in Polish). Retrieved 2022-03-13.
^"Kto kupi Hortex? Argan Capital ponownie wystawia spółkę na sprzedaż - Owoce warzywa". www.portalspozywczy.pl (in Polish). 30 June 2017. Retrieved 2022-03-13.
^Polska, Grupa Wirtualna (2 November 2017). "Hortex sprzedany po jedenastu latach. Jeden brytyjski fundusz zastąpi inny". www.money.pl (in Polish). Retrieved 2022-03-13.
^"Mid Europa Partners sfinalizował przejęcie Horteksu - Owoce warzywa". www.portalspozywczy.pl (in Polish). 23 January 2018. Retrieved 2022-03-13.
^. 2012-06-15. Archived from the original on 15 June 2012. Retrieved 2022-03-13.
^. 2012-06-18. Archived from the original on 18 June 2012. Retrieved 2022-03-13.
^. 2012-06-15. Archived from the original on 2012-06-15. Retrieved 2022-09-09.
External linksedit
Official website
Hortex recommend best juicers and blenders.
This food and/or confectionery corporation or company-related article is a stub. You can help Wikipedia by expanding it.
hortex, company, poland, that, produces, frozen, foods, branded, fruit, juices, there, over, 1600, employees, that, work, poland, there, many, seasonal, employees, that, hired, during, time, processing, fruits, vegetables, processing, plants, located, przysuch. Hortex is a company in Poland that produces frozen foods and branded fruit juices There are over 1600 employees that work for Hortex in Poland There are many seasonal employees that are hired during the time of processing fruits and vegetables The processing plants are located in Przysucha near Radom Ryki and Skierniewice There are 90 000 retail outlets throughout Poland that sell Hortex products 1 Overview editCompany was established in 1958 as Przedsiebiorstwo Handlu Zagranicznego Hortex operating within the framework of Centrala Spoldzielnia Ogrodniczych CSO In the 1970s it was one of the main suppliers of agri food products in Poland and in the 1980s a producer of apple juice concentrate In 1989 the assets of the company were taken over by Hortex Sp z o o which was to be privatized in 1994 as part of the stock and employee privatization but remained in the hands of the State Treasury Bad management in this period resulted in significant debt so in 1997 restructuring was carried out during which there were irregularities identified by the Supreme Audit Office 2 In 1997 the company changed its name to Hortex Holding Spolka Akcyjna In 1999 the main shareholders of the company were BGZ Bank Handlowy EBRD and Bank of America As part of the restructuring process 7 out of 10 factories were sold including one to an employee owned company In 2003 Bank of America bought shares from other shareholders and in 2006 the European private equity fund Argan Capital terminated its cooperation with Bank of America and bought from it shares of some companies that it had so far managed on behalf of the bank including Hortex Holding 3 In 2012 in place of the existing enterprise three companies were created the juice producer Hortex Holding SA the freezer producer Ortika Polska Sp z o o and Hortex Marketing Services Sp z o o which provides marketing services for the other two companies In 2013 the Argan Capital fund offered Hortex shares for an estimated amount of EUR 300 million but due to the lack of investors it did not take place In June 2017 the company was put up for sale again 4 The buyer was the private equity fund Mid Europa Partners and the estimated value of the transaction was EUR 200 million 5 The transaction was closed on January 23 of the following year 6 The Hortex brand name comes from two words hortus garden and export 7 The Hortex group also includes the company Polski Ogrod Sp z o o 8 9 References edit The Company Structure Hortex Archived from the original on 23 September 2013 Retrieved 31 January 2013 Hortex perla czy symbol zlodziejskiej prywatyzacji Biznes 2015 05 17 Archived from the original on 17 May 2015 Retrieved 2022 03 13 Hortex trafil do Argan Capital pb pl in Polish Retrieved 2022 03 13 Kto kupi Hortex Argan Capital ponownie wystawia spolke na sprzedaz Owoce warzywa www portalspozywczy pl in Polish 30 June 2017 Retrieved 2022 03 13 Polska Grupa Wirtualna 2 November 2017 Hortex sprzedany po jedenastu latach Jeden brytyjski fundusz zastapi inny www money pl in Polish Retrieved 2022 03 13 Mid Europa Partners sfinalizowal przejecie Horteksu Owoce warzywa www portalspozywczy pl in Polish 23 January 2018 Retrieved 2022 03 13 Hortex Historia 2012 06 15 Archived from the original on 15 June 2012 Retrieved 2022 03 13 Hortex Dane adresowe 2012 06 18 Archived from the original on 18 June 2012 Retrieved 2022 03 13 Hortex Historia 2012 06 15 Archived from the original on 2012 06 15 Retrieved 2022 09 09 External links editOfficial website nbsp Hortex recommend best juicers and blenders Company history nbsp This food and or confectionery corporation or company related article is a stub You can help Wikipedia by expanding it vte nbsp This Polish corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Hortex amp oldid 1218150523, wikipedia, wiki, book, books, library,
