After decades of operating in parallel, the two main pillars of the Dakos family are now united under a single corporate structure, marking the largest restructuring in the 151-year history of this historic food industry. With the establishment of Dakos Food Industries, Dakos Mills and the HELIOS pasta industry come under a common administrative umbrella. At the helm of the new entity are sisters Katerina and Athanasia Dakou, representatives of the family’s fourth generation, who are contributing their factories to the new company.
According to information from Euro2day.gr, the share swap agreement under which Dakos Food Industries is being formed gives Katerina Dakou a controlling stake in the new corporate structure, while Athanasia Dakou, who is contributing the HELIOS pasta industry, will retain the remaining stake.
The merger is taking place at a time that is anything but coincidental. The flour industry is consolidating at a rapid pace, as rising energy costs, transportation expenses, and increases in raw material prices are squeezing profit margins and reinforcing the need for larger and more vertically integrated structures.
While there were approximately 12 pasta companies operating in the Greek market in the 1990s, today there are essentially four major players remaining, of which only two are wholly Greek-owned.
With the company’s management rejecting takeover offers and moving forward with a new investment plan for the period 2026-2030 worth €25 million, of which €20 million will be directed toward the flour milling sector and the remaining €5 million toward the pasta industry.
The investments involve building expansions, modernization of mechanical equipment, strengthening of storage infrastructure, and digital transformation of the production process.
In 2025, the combined revenue of the two companies exceeded 21 million euros, while their products are already exported to more than 30 countries.
At the same time, HELIOS is undergoing a comprehensive rebranding, with new packaging and a new logo, which are expected to be launched in the market starting in September. Management aims to strengthen the brand’s position both in the Greek market and abroad, where it already has a presence in countries such as Japan, Germany, and Malta, while expansion into markets such as Saudi Arabia and India is being considered. Exports account for 21% of turnover, with the goal of doubling this percentage by 2030.
At the same time, the family’s long-term plan, beyond 2030, does not rule out relocating pasta production to Avlona, where the mill is already located, a development that could pave the way for the development of the company’s prime property in Metamorfosi.