Kronos Foods, a portfolio company of Entrepreneurial Equity Partners (e2P), has successfully merged with Grecian Delight Foods. As a manufacturer and marketer of Greek and Mediterranean inspired cuisine, Grecian Delight is a strategic addition to Kronos.
“This merger will allow Grecian Delight and Kronos to accelerate growth into global cuisine and protein-based foods—both significant trends within the food sector. We are excited to leverage our extensive network and experience in the food sector to support growth and introduce new product offerings,” stated e2p Managing Partner Mark Burgett, in a recent press release.
Crafting authentic gyros and specialty meats since 1974, Grecian Delight also specializes in pitas and flatbreads, tzatziki, hummus and specialty dips/spreads, falafel, and plant-based proteins to foodservice and retail industries across the U.S. The company was founded by the Parthenis family, who will maintain a significant stake in the business.
“This is a partnership that has been thirty years in the making,” remarked Peter Parthenis, Jr., who will serve as President and Chief Executive Officer of the combined company. “Now, two great organizations are coming together with a unified goal of putting our customers in a better position to succeed by delivering even more value-added products and services.”
Financial details were not disclosed at this time.
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