Poland: Hungarian Globus considers bid for Hortex

07-10-2004, 08:09

Poland/Enterprises/Food

Warsaw (Puls Biznesu) - Hortex, Polish producer of food, announced sales of a division that deals with deep frozen food. One of the potential buyers is Globus. Apart from Globus, for Hortex's unit will probably bid German Frosta, Bonduelle and Ardo.

At the moment Globus has 9 per cent of market and wants to fight for more.

Globus develop its business in Poland since last year after purchase of four factories. Company had also bougt a trade mark " Elsner&Co". In 2003 its sales amounted to PLN 95 million (EUR 21,85 million) and this year it is said to increase 10 per cent. Globus sells 67 proc. its products to EU countries and Russia. It is listed in London and Budapest.

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