In the late 1980s, brothers Nontas and Kostas Ohonos had built, with Best Foods, a strong Greek player in snacks. Foudounia and Lotto, with the advertisement featuring Harry Klynn, became known to the general public, in a market where Tasty Foods had a strong presence. In the early 1990s, Best Foods came under the control of PepsiCo.
However, the sale did not keep the Ohonos brothers away from snacks for long. They initially moved into the Balkans with Jumbο and, after the non-compete agreement expired, returned to Greece with Ohonos Snack.
Based in the Industrial Area of Sindos, the company has been active since 1994 in the production of chips and snacks. Three decades later, Ohonos Snack has reached sales close to €60 million.
The financial figures
Last year, Ohonos Snack's sales increased by 7.63%, to €58.93 million. EBITDA increased by 2.18%, to €9.74 million. However, net profits declined marginally by 0.9%, to €5.77 million. The difference is explained to a large extent by costs.
Cost of goods sold increased by 9.26% and reached €38.27 million. During the same period, trade receivables increased to €17.26 million from €12.36 million, while their average collection period rose to 90.5 days from 81.8 days in 2024.
At the same time, Ohonos Snack is investing to expand its production. In Sindos, a program is underway that includes a new fried potato production line, a new packaging facility, a photovoltaic system, and an expansion of the administrative facilities. At the end of 2025, advances and fixed assets under construction had reached €11.55 million, from €4.78 million in 2024.
Expansion abroad
The second leg of growth lies outside Greece. Management states that in 2025 sales in three countries increased by almost 100%. For 2026, it sets as targets the further strengthening of its presence abroad, the broadening of its product range, and the increase of production efficiency.
Expansion also has a cost. Long-term bank loans increased to €11.96 million from €3.58 million. At the same time, however, cash reserves strengthened to €14.77 million from €8.45 million. Meanwhile, at the beginning of 2026, Ohonos Snack acquired 100% of FOS OHONOS Technical Construction Single-Member S.A., paying €6.14 million.
As for the shareholders, Nontas Ohonos has in recent years also had a public presence beyond business. In June, he signed the founding declaration of the Greek Left Alliance and in July joined the National Council of EL.A.S., with Alexis Tsipras as president.