Grecian Delight, a Chicago-based manufacturer and marketer of top quality Greek and Mediterranean products for the foodservice and retail industries, has acquired Kronos Foods in a merger that creates a new food giant in the US.
“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., Grecian Delight president and CEO.
Parthenis will serve as CEO of the newly-formed company.
Grecian Delight is owned by the Parthenis family; Kronos Foods was owned by Chicago-based private equity firm Entrepreneurial Equity Partners.
“By combining our businesses and resources, customers will benefit from even more quality protein, plant-based foods, bakery offerings and exciting globally-inspired flavors from one trusted source,” said Parthenis. “We’re eager to meet and exceed the expectations of the food industry with flavorful, on-trend dishes, sauces and spreads.”
“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.
The merger builds upon a customer-first approach where both companies will benefit from the combined efforts of two exceptional teams. Grecian Delight and Kronos have gained a well-deserved reputation for being deeply passionate about serving the food industry and providing authentic eating experiences to consumers.
Grecian Delight, founded in 1974 by Peter Parthenis Sr., is rooted in the Mediterranean and scours the region for the most authentic foods.
It prides itself on providing customers with only the highest quality and most authentic gyros & specialty meats, pitas & flatbreads, tzatziki, hummus and spreads and Mediterranean specialties like falafel and phyllo sweets.