Vivartia Sells Dodoni Dairy Business To Greece’s Hellenic Dairies

The Dodoni marque of feta cheese. Credit: Marija Krcadinac/Shutterstock

A subsidiary of Greece’s Vivartia Group has sold nan dairy business Dodoni to different section adjacent Hellenic Dairies.

The transaction was initiated by Nutrico Food Group, which is portion of nan genitor company’s Vivartia Investments vehicle, according to a little connection from Vivartia Group.

Vivartia Group did not uncover nan financial position of nan woody pinch Hellenic Dairies but said nan acquisition is taxable to support by nan title regulator successful Greece.

“Upon completion, Hellenic Dairies will go nan largest dairy institution successful Greece, enhancing its home footprint and expanding its world reach.”

Just Food asked Trikala-headquartered Hellenic Dairies for remark connected nan acquisition but had not received a consequence astatine nan clip of writing.

The institution produces a scope of dairy products specified arsenic food and feta, on pinch yogurt, food and milk. Hellenic Dairies besides supplies consequence juices and soft drinks.

Dodoni, meanwhile, is known for its feta cheese, yogurts and halloumi. Set up successful 1963 successful Loannina, portion of nan Epirus region, nan institution besides has a vegan Plant’d scope based connected coconut oil.

It sells into 50 countries, mostly successful Europe but besides further afield to nan US and Australia, according to nan Dodoni website.

In nan twelvemonth to nan extremity of December 2023, nan latest financial information disposable connected its website shows Hellenic Dairies booked an yearly turnover of €600m, a 21.3% summation from nan erstwhile 12 months.

EBITDA climbed 44.7% to €94.1m, while nett profit aft taxation was up 3.4% astatine €27.3m.

Vivartia Group claims to beryllium nan largest nutrient institution successful Greece, posting gross of €930m successful 2023. It has Delta Foods nether its wing, which supplies dairy products specified arsenic beverage and yogurt, on pinch juices and iced tea.

Hellenic Dough is besides portion of nan group, producing some branded and private-label stiff bakery products for retail. It besides caters to nan foodservice channel.

Private-equity patient CVC Capital Partners acquired Vivartia Group in 2020 for €175m. The investor besides past took a majority interest successful Dodoni nan pursuing year.

Just Food has asked CVC Capital to explain nan position of those investments successful nan discourse of nan Dodoni waste to Hellenic Dairies.