DECA Investments AEDOEE (DECA), sole proprietor of Diorama Investments Sicar S.A., announced the exit of Diorama from the investment in the company Atlas Tapes S.A. The exit is made through the acquisition of shares by the three main shareholders, members of the company’s management (management buyout).
Atlas Tapes is a dynamic extroverted Greek company that is active in the production and marketing of adhesive tapes and packaging materials. With a strong management, revenues expected to exceed EUR 115 million in 2021, of which over EUR 100 million from exports, strong profitability and significant investments, the firm has managed to become one of the three largest companies in its industry in Europe.
The CEO of Atlas Tapes, Mr. Iason Lantzis, stated: “In 2015, Atlas Tapes selected the DECA Investments team as a companion in the implementation of its strategic plan, which aimed at organic development and to make the company’s factory one of the most modern and automated in Europe. The strategy of Atlas Tapes, which aimed at the development through the modernization and automation of its production line, combined with the excellent choice, as it turned out, to have the highly experienced Deca team as a participant and partner, exceeded our expectations, bringing impressive results. In the achievement of our business plan, the trust shown by the management team of Deca in our company helped significantly, always supporting all of management’s crucial decisions.”
The CEO of DECA Mr. Nikos Koulis stated: “In 2015, in an extremely difficult period for Greece, we decided to invest in Atlas Tapes because we believed in the management, the quality of the company and its perspective. The results fully justified our decision. By utilizing the funds of our investment, our assistance for better access to the banking system, but mainly with prudent management, the company carried out a large investment program of 40 million euros which contributed to having today one of the best, if not the best factory in its industry in Europe. We have great respect for the management and the perspective of the company in which, if we did not have the known time constraints that govern a private equity fund, we would remain shareholders for a long time.”
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece’s Top Unions Announce April 9 Nationwide Strike
As of now, there is no official announcement on whether workers in public transport systems will join the strike, leaving questions about the availability of buses, metro, and trams on the day.
PM Mitsotakis to Chair New Democracy’s Committee Meeting
Today’s meeting is seen as a crucial opportunity to halt internal disputes within ND and reaffirm unity within the party.
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
