Elikonos Capital acquires minority stake in A. Vezyroglou to support expansion

The company was founded in 2006 by Antonis and Ioannis Vezyroglou, continuing a family farming tradition spanning more than a century. With annual production exceeding 3,000 tonnes, it is Greece’s largest producer of baby-leaf vegetables.

Its key competitive advantage lies in its fully integrated operating model, covering every stage from sowing, cultivation and harvesting to the distribution of finished products. The direct transportation of produce from the fields to the company’s own processing facility, combined with gentle processing methods, helps preserve freshness and quality, while ensuring control and traceability at every stage.

The company supplies major supermarket chains and HoReCa customers, and exports its products to Balkan countries. Its brand is firmly established in Greece’s agri-food sector.

The company has recently completed an investment of more than €12 million in a state-of-the-art 7,000 sq m facility in Schoinas, Alexandria, adjacent to the Vezyroglou family’s fields. The facility incorporates technology for gentle processing that is pioneering in Greece, preserving the vegetables’ nutritional properties.

Sustainability is a key pillar of the company’s operations, from low-impact cultivation practices across its privately owned Vezyroglou fields in Greece to processing, with a focus on preserving the freshness and nutritional value of its vegetables. Water recovery at the new facility and the company’s strong contribution to the local community further underpin its commitment to responsible growth throughout the agri-food value chain.

According to the announcement, the investment proceeds will finance the next phase of the company’s multi-year investment programme. Priorities include expanding agricultural production through the development of new greenhouses and installing additional production lines to enter higher-value fresh produce categories, such as ready-to-eat salads, washed and cut vegetables, and ready-meal solutions.

Antonis Mavridoglou, Partner at Elikonos Capital, said: “We are particularly pleased to partner with A. Vezyroglou S.A., one of the most advanced agri-food businesses in Greece. Its control over production, emphasis on freshness and quality, and new facility provide a strong foundation for growth. The company is ideally positioned to capitalise on the expansion of the fresh, ready-to-eat food market, and we look forward to supporting management in the next stage of its development.”

Antonis Vezyroglou, Founder and Chief Executive Officer of A. Vezyroglou S.A., said: “Our partnership with Elikonos Capital marks a new era for the company and will help us accelerate investment and growth. With our new facility now operational, we are ready to expand production, bring new products to supermarket shelves and bring the freshness of our fields to even more tables.”