The absorption of BIOXYM by ABEA creates new business opportunities for the agri-
food sector of Crete.
DISCUSSIONS STARTED ON 2014
The two companies have been cooperating for years due to their participation in the
Delights of Crete business cluster, in which Mills of Crete and Vero Kritiko have a
presence. The discussions for the absorption of BIOXYM, which begun in 2014, were
completed in the second quarter of 2024, aiming to create economies of scale and
enhance the optimum use of human resources.
The newly formed company, ABEA – BIOXYM, whose main shareholder is the
Cooperative Bank of Chania, builds its strategy on three main pillars:
Innovation: High value-added products
- Premium olive oils and juices: High polyphenol products and natural juices without
preservatives - Innovative packaging: Introduction of practical olive oil packaging that retains
freshness and nutritional value - Organic and PDO products
Sustainability - Working with local producers to strengthen the local economy
- Reducing the environmental footprint through the application of innovative
production methods with respect to natural resources - Circular economy: Utilization of by-products to create new products
Extroversion: expanding markets
A key priority in the new company’s strategy is to strengthen exports. In 2024, ABEA
covered 60% of its turnover through sales in over 30 countries.
Author: Ioanna Dragona
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