ION Chocolate of Greece Sold to Cypriot Company

The Hellenic Competition Commission (HCC) granted approval to ION’s acquisition of one of Greece’s largest chocolate and candy companies on Tuesday. Bespoke SGA Holdings, which is governed by the Cypriot private limited liability entity SAG Invest & Holdings Limited, is purchasing ION. 

For more than 85 years, the chocolate producer has been associated with the most famous chocolate of Greece. People have associated its name with their most enjoyable experiences for many generations. Many Greeks of diaspora would always bring back the ION chocolates with them after their summer in Greece. Shop ION chocolates online and get them delivered to your home (Shipping Available to US & Canada)

The business was formally founded in 1930, despite the fact that the first chocolate recipe has been produced since 1927. The main factory is located in Neo Faliro, Pireaus. As time went on, Ion introduced other chocolate-flavored confectionary items, including croissants and spreadable chocolate. However, its almond milk chocolate variant is its best-known product. With yearly sales of more than €110 million, the company has expanded to become one of Greece’s 50 largest companies. 24.5 percent of the company’s interests were purchased by Kraft Jacobs Sushard (KJS) in 1988; the principal shareholders then bought them back in 1998. 

Leave a Reply

Your email address will not be published. Required fields are marked *