CHICAGO – Authentic Mediterranean and globally inspired brands Grecian Delight, owned by the Parthenis family, and Kronos Foods, a portfolio company of Entrepreneurial Equity Partners are coming together through a merger to serve customers with enhanced services, expansive product lines and increased capacity.
The agreement between the two companies combines product portfolios that include value-added proteins, plant-based proteins, bakery items, globally inspired cuisines, dips and spreads.
“This is a partnership that has been 30 years in the making. 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,” said Peter Parthenis, Jr., president and chief executive officer of Grecian Delight, who will serve as CEO of the newly formed company. “This new model will help us better serve our respective foodservice, retail and club store customers and meet their individual needs.”
Both Grecian Delight and Kronos Foods take pride in their Mediterranean heritage with products such as Grecian Delight’s ReadyCarved flame-broiled, off-the-cone slices and KronoBROIL Gyros Slices from 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,” said Mark Burgett, managing partner of Entrepreneurial Equity Partners. “We are excited to leverage our extensive network and experience in the food sector to support growth and introduce new product offerings.”