A long-standing business relationship was reinforced recently, as Grecian Delight | Kronos Foods, a World Food Holdings company, sold its distribution business to Christ Panos Foods. The family-owned broadline foodservice distributor acquired the business for an undisclosed amount.
"This transaction marks an important step in the Grecian Delight | Kronos Foods strategic growth initiative. We are keenly focused on offering best-in-class service to our customers. By selling our distribution services business, we are further strengthening our position as the industry's premier manufacturer of Greek and Mediterranean foods," said Peter Parthenis, Jr., Chief Executive Officer of Grecian Delight | Kronos Foods.
Grecian Delight | Kronos Foods and Christ Panos Foods share a passion for Greek culture and values, high-quality foods, customer service, and seamless transactions, a press release explained.
"Christ Panos Foods has a long history and excellent reputation for serving the Chicagoland and Midwest foodservice industry, and we look forward to extending our capabilities through this acquisition," said Sam Panos, Chief Executive Officer of Christ Panos Foods.
Christ Panos Foods also champions quality products and detailed attention to food safety. Beginning as a smaller operator and building to the prominent broadline foodservice distributor it is today, Christ Panos Foods has been servicing local establishments and regional chains since 1975.
"We believe we've selected the best partner in Christ Panos Foods," Parthenis continued. "We are happy to partner with a family-owned business that's focused on distribution and service. Together, we believe this will best serve our customers in Illinois and the surrounding area."
How will these two operators further strengthen each other's prowess? Stay tuned as DMN reports.