ELTON has completed the acquisition of 100% of the shares of "N. Lekos Chemicals SA,"  a company based at its privately owned facilities in Oinofita, Voeotia, as part of the implementation of the group's growth strategy.

The company was founded in 2000 and is successfully active in the Greek market for the production and distribution of raw materials and chemical APIs in the food industry. Specifically, it produces and markets special blends and food ingredients that are raw materials for the dairy, meat, and bakery industries. This acquisition is expected to further strengthen the Group's commercial activities both in Greece and abroad in the countries where the Group is present. The company's products are complementary to the group's product range.

The estimated turnover of N.LEKOS CHEMICALS SA for the 12-month financial year ending 31 December 2024 is expected to reach €12 million.

The consideration will not have a significant impact on the group's financial results.