New deal in food: Sp. Theodoropoulos-EOS Capital acquires Hellenic Juices

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.