USA: Kronos Foods to merge with Grecian Delight Foods

The American-based private equity firm Entrepreneurial Equity Partners (“e2p”) has announced the merge between Kronos Foods, one of its portfolio companies and Grecian Delight Foods for an undisclosed sum.

Founded in 1974, Grecian Delight Foods is a manufacturer of Greek and Mediterranean inspired cuisine, producing authentic gyros and specialty meats, pitas and flatbreads, hummus and plant-based proteins, distributed across the US.

Mark Burgett, e2p managing partner, said: “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. We are excited to leverage our extensive network and experience in the food sector to support growth and introduce new product offerings”.

Peter Parthenis Jr., president and CEO of Grecian Delight Foods added: “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”.

Sources: Entrepreneurial Equity Partners