{"id":1135,"date":"2024-12-13T05:33:45","date_gmt":"2024-12-13T05:33:45","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2024\/12\/13\/ion-completes-its-takeover-of-lavdas\/"},"modified":"2024-12-13T05:33:45","modified_gmt":"2024-12-13T05:33:45","slug":"ion-completes-its-takeover-of-lavdas","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2024\/12\/13\/ion-completes-its-takeover-of-lavdas\/","title":{"rendered":"ION completes its takeover of Lavdas"},"content":{"rendered":"


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[vidarchives.gr]<\/p>\n<\/p><\/div>\n

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One of the sweetest business marriages has now become a reality, with the announcement on Thursday of the completion of the acquisition of the Lavdas candy factory by the ION chocolate industry.<\/p>\n

The relevant agreement was announced last June and provides that Lavdas will continue to operate as an independent company but with the development of significant synergies with ION.<\/p>\n

One of the old shareholders, Stelios Lavdas, will retain 25% in the company and will be chairman of its board of directors. It is also expected that the two factories owned by the company in Ano Liosia, northern Athens, and Gastouni in the western Peloponnese, will continue to operate.<\/p>\n

Spyros Theodoropoulos, who is the majority shareholder of ION, owned 24.98% of Lavdas before the above acquisition, an acquisition that had taken place back in 2009.<\/p>\n

The Lavdas company, which is already 71 years old, had a turnover of 28.38 million euros in 2023, according to the financial report it has published in the General Commercial Registry (GEMI), compared to \u20ac24.42 million in 2022.<\/p>\n

A particularly important element for Lavdas that was also a strong incentive for its acquisition by ION, is that its products are exported to Europe, the US, the Middle East and the Far East.<\/p>\n<\/p><\/div>\n

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