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MD Foods Hellas 100 per cent owned

Press Release   •  Jun 10, 1999 12:31 CEST

With effect from February 26, 1999, MD Foods acquired the remaining shares in MD Foods - Caltsoyias Hellas S.A. from its Greek partner Costas Caltsoyias. The company will now be known as MD Foods Hellas S.A.

Greeks eat an average of 24 kg cheese per person per year, making the country the world's largest consumer of cheese. Around ¼ of the consumption is imported cheese.

MD Foods Hellas sells 15,000 tons cheese year, primarily hard and semi-hard cheese such as regato and emmental, but also white cheese. Lurpak and Lurpak soft account for an increasing share of the turnover.