Successful partnership. Alexandrion Group has completed the acquisition of the majority stake of V.M. Cavaway after the transaction was approved by the Competition Commission of Cyprus.  

Cavaway, based in Larnaca, Cyprus, was established in 2004 and has as main activity the commercialization and distribution of alcoholic and non-alcoholic beverages and wines in Cyprus. Currently, Cavaway successfully serves a wide range of customers throughout the island. 

By joining Alexandrion Group, the largest producer of alcoholic beverages and wines in Romania, all synergies and conditions are created to enable Cavaway to become one of the most important players in the Cyprus beverage market, thus realizing the vision set since its incorporation.

Alexandrion Group, with a significant presence of its products in more than 50 countries across the globe, has relocated the base of its international operations to Cyprus since 2017, with the aim of implementing its strategic plan for international expansion. Following the announcement of the Group for the setup of a representative office in Brazil handling the operations in South America, along with the construction of the largest distillery of alcoholic beverages in New York, through the new partnership with Cavaway, Alexandrion Group sets its footprint in Cyprus and acknowledges island’s great business opportunities.

“A promising partnership has been materialized, and from now on Cavaway is under the umbrella of one of the largest and most acclaimed Beverage Groups. This is a challenge, as well as a great opportunity”, said Mr. Vassos Moiseos, Director of the Company.

On behalf of Alexandrion Group, Mr. Nawaf Salameh, President and Founder, and Mr. Stelios Savva, Group CEO, welcome Cavaway to the Alexandrion Group family.  They have stated that another great company was added to the Group, according to our global expansion plan.