Green light for dairy synergies

Green light for dairy synergies

The Competition Commission has approved a deal that will effectively merge dairy companies Delta and Dodoni, creating a powerful regional player in the sector.

A majority share in Dodoni will be acquired by CVC Capital Partners, a fund that already controls Vivartia, Delta’s parent company.

Dodoni’s main product is feta cheese and yogurt, while Delta is strong in the milk market. The two companies have already devised a synergy plant to jointly promote their respective products across Greece

Among dairy products, yogurt has shown the greatest growth since 2011 with strong exports, which grew from 22.4% of total production in 2010 to 41% in 2019. Strong players in this market, besides Delta and Dodoni, include FAGE, Kri-Kri, Mevgal and Olympos.

Exports of feta cheese in 2020 grew 10%, to €432 million.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.