Grecian Delight/Kronos Foods, a leading provider of authentic Mediterranean Foods in the US, announced on Wednesday that it sold its distribution business for an undisclosed amount to Christ Panos Foods, a family-owned broadline foodservice distributor located in Itasca, Illinois.
“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., CEO of Grecian Delight/Kronos Foods.
Grecian Delight/Kronos Foods and Christ Panos Foods have enjoyed a long-standing business relationship, sharing a passion for Greek culture and values, high-quality foods, customer service and seamless transactions.
“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.”
Christ Panos Foods is dedicated to unparalleled customer service, quality products and detailed attention to food safety. From its humble beginnings to the prominent broadline foodservice distributor it is today, Christ Panos has been dedicated to 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/Kronos Foods shaped American food scene
Grecian Delight/Kronos Foods was created 40 years ago when Peter Parthenis Sr. started up a new Mediterranean food company in Greektown, Chicago. And as fate had it, the Greek immigrant’s company, Grecian Delight Foods Inc, would shape the American food scene.
From the inception of the Gyros machine and making the Greek delicacy known to the vast American food market, to the introduction of countless Mediterranean offerings by Grecian Delight, Parthenis Sr. helped drive the burgeoning consumer demand for Mediterranean foods in the United States.
It was not easy at the beginning. When Parthenis Sr. started the company, he did it all; he was the guy making the product, making those the sales calls, and doing the deliveries. Today, his creation, headed by his son, Peter Parthenis Jr., has grown enormously and Grecian Delight is once again changing the food game in America.
The 45-year-old entrepreneur expanded the business into more than 185 Greek, Mediterranean and Middle Eastern products moving towards a healthier, and even plant-based, variety of offerings.
The company joined hunger relief efforts in Chicago
During the pandemic crisis in the US in 2020 Grecian Delight/Kronos Foods joined hunger relief efforts in the Chicago area.
The company donated 25,000 pounds of food to The Salvation Army, Operation Blessing International and the St. Vincent de Paul Food Pantry.
It also contributed to the Metropolis Humanitarian Food programs to deliver over four tons of food to neighborhoods affected by COVID-19 and unrest in the city.