The company based in Almyros, Ktinotrofiki Magnisias Synergazomenes Ekmetalefseis Anonymos Eteria SA, has been providing the German cheese producer with original Greek Feta since 2015 for its Patros brand.
Greek Family Farm produces Feta and goat’s milk cheese for the European, US and Australian markets and trades in milk, sheep and animal feed. The privately owned Feta producer was founded in 2000.
The contract was signed by both parties shortly before Christmas. It is subject to the approval of the German antitrust authorities. Their decision is expected by the end of January 2019.
Both parties have agreed to keep the purchase price confidential; 75% of the shares remain in the hands of the Greek shareholders.