Entrepreneurial Equity Partners, a Chicago-based private equity firm focused on making investments in the food and consumer packaged goods industries, announced today that it has acquired Kronos Foods Corp. Financial terms of the transaction were not disclosed.
Kronos is a leading provider of global cuisine, including authentic Mediterranean foods, ready-to-eat proteins, plant-based proteins, and value-added bakery products. Founded in 1975, Kronos originally became known for its authentic Greek gyros meat and has progressively expanded its capabilities to include a variety of specialty and international protein products as well as bakery products, sauces and other international foods. The company’s KronoBroil technology, pioneered in 2016 by the Kronos team, provides further offerings for customers including pre-cooked, ready-to-eat gyros slices that are ideal for chain restaurants, educational institutions, and other foodservice providers. Kronos is headquartered in Glendale Heights, Illinois.