Ferrero and Elgeka Renew Greek Distribution Deal
The renewal of the agreement between ELGEKA S.A. and FERRERO S.P.A. for the reselling and distribution of FERRERO´ s products is very important, because it will benefit the turnover of ELGEKA S.A. by 50% annually.
27/11/08 ELGEKA S.A. has announced that it signed an agreement with FERRERO S.P.A. for granting the exclusive right to distribute and resell FERRERO´ S “dry” and “chilled” products within the territory of Greece, with the exception of the duty-free zones.
FERRERO S.P.A. is a member of the FERRERO GROUP which operates all over the world in the confectionary sector (chocolate products).
The brands that constitute the “dry” product line of FERRERO are: Rocher, Raffaelo, Prestige, Nutella, Tic Tac, Kinder, Happy Snack, Duplo, Tronky e.tc.. The renewal of the agreement shall remain in force, until 31st August 2010.
The brands that constitute the “chilled” product line of FERRERO are: Kinder milkslices, Kinder Pingui, Kinder Maxi King, Kinder Paradiso και Kinder Chocofresh. The renewal of the agreement shall remain in force , until 31st August 2012.
The above –mentioned agreements will be automatically renewed for an additional period of three years, unless terminated by either party with a written notice.
The renewal of the agreement between ELGEKA S.A. and FERRERO S.P.A. for the reselling and distribution of FERRERO´ s products is very important, because it will benefit the turnover of ELGEKA S.A. by 50% annually.
