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Greece’s Vivartia has announced the sale of its dairy subsidiary Dodoni, to local peer Hellenic Dairies for €205 million ($239 million).
Founded in 1963 in Ioannina, Dodoni has a portfolio that extends to feta and halloumi cheese, yoghurt, and a coconut oil-based vegan range called Plant’d. The company exports its range to over 50 countries, including across Europe, the United States, and Australia.
Hellenic Dairies produces a wide variety of dairy products, including cheese, feta, yoghurt, butter and milk, and also operates in the fruit juice and soft drinks market.
KBVL, the law firm advising Hellenic Dairies on its acquisition of Dodoni, said that, upon completion, the firm would emerge as the largest dairy company in Greece.
The transaction is subject to approval by the Greek competition regulator in Greece.
Source: Just Food
