ELK GROVE VILLAGE, Ill. — Grecian Delight Foods Inc./Kronos Foods recently sold its distribution business for an undisclosed amount to Christ Panos Foods, a family-owned foodservice distributor.
“This transaction marks an important step in the Grecian Delight/Kronos Foods strategic growth initiative,” said Peter Parthenis Jr., CEO of the Elk Grove Village, Ill.-based company. “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.”
Grecian Delight/Kronos Foods said it and Christ Panos Foods have enjoyed a longstanding business relationship. “We believe we’ve selected the best partner in Christ Panos Foods,” Parthenis said. “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.”
Itasca, Ill.-based Christ Panos Foods i has been servicing local establishments and regional chains since 1975.
“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, CEO of Christ Panos Foods.
Grecian Delight and Kronos Foods merged in 2020. Grecian Delight/Kronos Foods is a World Food Holdings company that sells authentic Mediterranean Foods, including gyros, specialty meats, pitas, flatbreads, tzatziki, hummus, spreads, falafel, ready-to-eat proteins, plant-based proteins and value-added bakery products.
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