Nearly 14 months after buying the Spanish poultry and pork company UVESA, Ukraine’s largest poultry processor, MHP, has announced that it has reached an agreement to acquire a 70% stake in Nitsiakos, a prominent Greek poultry manufacturer.
Founded in the 1970s, Nitsiakos has developed into one of Greece’s leading vertically integrated food production groups and the country’s largest poultry producer, with a long-standing presence in the Epirus region and across the Greek food sector, MHP said. Last year, the Greek company generated €540 million in revenue.
Nitsiakos operates an integrated production network that includes 4 feed mills located in Ioannina, Arta, Athens and Thessaloniki. Together, these facilities process approximately 350,000 tonnes of grain and around 200,000 tonnes of soybean meal annually.
Greece’s Nitsiakos operates an integrated production network that includes feed mills, hatcheries, poultry farms, meat processing facilities, logistics centres and port storage complexes. Image created with the help of AI.
The company’s asset base also comprises hatcheries, poultry farms, meat processing facilities, logistics centres and port storage complexes with a combined footprint of roughly 35,000 square metres. In addition, Nitsiakos operates an animal protein processing plant with a capacity of 7 tonnes per hour.
The development comes just a few months after Kostas Nitsiakos, owner of the Greek poultry manufacturer, publicly denied the possibility of selling the company. In October 2025, during a press visit to the company’s facilities in Ioannina, he made it clear that the family business “is not for sale” and also unveiled a €167 million investment programme that is currently underway.
In recent years, Nitsiakos has significantly expanded its production footprint, investing in red meat, turkey, rabbit and ready-to-eat products. Today, it remains the only Greek company with a production presence across all major meat categories – chicken, turkey, rabbit, pork and beef.
A strategic fit for the Ukrainian company
For MHP, the choice of Nitsiakos was no coincidence, according to local media reports: “The Greek company has everything the Ukrainian group is looking for: a strong brand in the domestic market, a vertically integrated production model, modern facilities, an export footprint and substantial room for further development,” local business newspaper The Toc reported.
The MHP-Nitsiakos agreement brings a new international player to the Greek food market at a time when the sector is seeking investment capital, greater export opportunities and increased production scale, the publication added.
For Nitsiakos, meanwhile, the partnership with MHP is expected to provide financial backing, technical expertise and broader access to the Ukrainian group’s international distribution network, according to the report.
Source: foodagribusiness (19/06/2026)
