After cold cuts and dairy products, businessman Spyros Theodoropoulos in entering the sector of juices, as together with the investment capital EOS Capital Partners managed by the former banker Mr. Apostolos Tamvakakis, they reached an agreement in principle with the shareholders. of the company Hellenic Juices SA for their joint participation in the share capital of the company.
The new shareholders will have the majority of the company Hellenic Juices.
“The agreement will be completed in the next period”, says Mr. Spyros Theodoropoulos to the Financial Post, while he assures that under the new ownership regime the company will develop further.
It is recalled that Mr. Theodoropoulos, in addition to the Nikas meat industry, is a shareholder in other companies in the food sector, such as Wonderplant in the field of hydroponic tomato cultivation and the MEVGAL dairy industry after the divestment of CVC last summer.
What is Hellenic Juices?
The company Hellenic Juices has been active in the domestic juice market since 2003 with the juice labels, Viva, Belo and Viva Slim.
Based in the Industrial Area of Larissa, it has facilities of 13,500 sq.m. and a state-of-the-art factory of 5,600 sq.m. Its main activity is the production of private label juices for the vast majority of Greek supermarket chains.
The company has four independent production lines (34,000 boxes per hour), while within 2021 the company proceeded to the installation of two filling machines, one of which produces juices in a 1 liter package and the second in a 250 ml package.
This is a company with zero debt, whose turnover is around 25 million euros.
The company’s performance in 2020 was satisfactory because, as stated in the financial report, the company’s sales decreased less than expected due to COVID 19. However, it recorded a significant decline compared to 2019, the year in which its turnover had reached E25.75 million euros.
The turnover of the company in the year 2020 amounted to 22.62 million euros. Gross Profit reached the amount of 6.6 million euros and after deducting the expenses of Selling, Management, Financial Expenses and the extraordinary results, Net Profit remained 4.22 million euros.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
