ION and Lavdas announce their agreement for the acquisition of 75% of Lavdas S.A. from the chocolate maker.

As stated in an announcement, the combination of the two companies will create economies of scale and further strengthen their growth in the markets in which they operate, creating additional value for employees, partners, and consumers.

ION, with a 94-year history, was also active in the candy industry from 1930 to 2016, offering iconic products to the market. Lavdas has been active in the caramel industry since 1953, with great success in the Greek market, while in recent years it has penetrated the markets of Europe, the United States, Asia, and the Arab countries, where it addresses more than 50% of its products. The latest big success is the creation of the ZERO product.

Commenting on the completion of the acquisition, Mr. Spyros Theodoropoulos, Vice President of ION, said: "Today we are announcing an extremely important agreement for our industry. It is a great pleasure to welcome another historic Greek company, Lavdas, to our family. We share the same values and ethos as the people who have created this great company. Our goal is to grow and strengthen our extroversion so that we can continue to offer our products to even more consumers around the world." 

In a joint statement on the deal, the shareholders of Lavdas said: "We are excited that our company finds in ION an important partner. With ION's guidance and the integration of our own expertise in the candy field, we will continue to grow and innovate, remaining true to the quality and values that created our brands and our unique heritage."