The Nitsiakos family, with years of presence in the food industry, continues to expand while maintaining management and strategy in the hands of the second generation. Meanwhile, responding to recent rumors that circulated, chairman and CEO Kostas Nitsiakos clarified that the company does not intend to be sold. On the contrary, it is proceeding with an ambitious investment program worth 167 million euros, covering both primary production and strengthening its market position.
The role of holding companies
To implement the development plan, holding companies were created in which individual activities will be integrated, focusing on primary production, divided among the three siblings and members of the second generation of the business: Kostas, Marilena and Angeliki Nitsiakos. The goal is to concentrate investments in primary production, particularly in chicken breeding and fattening. The group already operates slaughterhouses in Ioannina and Thessaloniki, a ready-made products factory (breaded items) in Arta, four animal feed factories, a hatchery, warehouses and fattening units. Additionally, it operates a dog food factory and an animal by-products rendering plant, utilizing slaughter waste.
Read more at Powergame.gr.
