Elton Group issued a supplementary announcement regarding the recent acquisition of "N. Lekos Chemicals SA".

As stated, the acquisition price amounts to €6.3 million, and the acquisition was financed by €5.5 million through the five-year bond loan from Alpha Bank and the remainder with Elton SA's own funds.

It will be recalled that on Friday, Elton announced the acquisition of the company "N. Lekos Chemicals" based at its privately owned facilities in Oinofita, Boeotia, as part of the implementation of its 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 will 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 be €12 million. Following the above acquisition transaction, Mr. Nikolaos Lekos will continue to serve as the General Manager of N. Lekos Chemicals SA.