The legendary ION chocolate factory is up for sale

As it became known, Spyros Theodoropoulos intends to acquire the ION chocolate factory and is in preliminary negotiations with the head of ION, Tina Kotsiopulou.

Ms. Kotsiopulou, along with another family member, negotiated the sale of up to 75% of the company to Mr. Theodoropoulos and a group of businessmen. If the deal is closed, it will be a major acquisition as in 2020 the company had a turnover of 119 million euros, total assets of 145 million euros, profit before tax of 11.9 million euros, factories in Athens, Arta and Sofia, and employs approximately 950 employees. .

Entrepreneur Mr. Theodoropoulos controls the Nikas meat industry, participates with 21% in MEVGAL, retains control of Drama’s hydroponic tomato farming, and recently acquired a majority stake in Hellenic Juices.

ION: a Greek company with a long history

The history of ION began in Neo Faliro on Pireos street. There, a group of shareholders, dreaming of becoming chocolate producers, begins to realize their grandiose plans. And, as history shows, they succeed.

According to the characteristic emblem (violet flower, which has the name “ion”, “ίον”, μενεξές), the Greeks began to recognize their favorite delicacy. The first announcement of the opening of production was made in the Government Gazette on September 23, 1930. From here begins the victorious march of the ION chocolate factory. Today, its headquarters is still located where it all began!

17 years later, ION Amygdalou is created. In 1975, a new page breaks with the opening of ION facilities in Arta. There begins the line for the production of waffles and chocolate bars. As the years go by, ION generates amazing ideas and the business grows and expands, bringing in fabulous profits to business owners. ION opens its operations abroad and becomes the Greek chocolate industry of international importance.

Today, ION, a 100% Greek company, continues to grow. With three state-of-the-art production facilities in Greece, with approximately 950 employees and a turnover of over 110 million euros per year, ION is among the 60 largest enterprises in Greece.

Source link

High-quality journalistic work cannot be free, otherwise it becomes dependent on the authorities or the oligarchs.
Our site is solely funded by advertising money.
Please disable your ad blocker to continue reading the news.
Best regards, editors