BARBA STATHIS S.A. announces the acquisition of 80% of HALVATZIS MAKEDONIKI S.A.

BARBA STATHIS, a subsidiary of Vivartia, has announced the acquisition of 80% of HALVATZIS MAKEDONIKI SA, a Greek company with a successful and longstanding history in the agri-food sector.

Founded in 1972 by Vlassis Halvatzis, the company saw a transition in 1989 when his children, Vassilis and Leonidas, assumed leadership and successfully continued the company's upward trajectory.

HALVATZIS MAKEDONIKI SA specializes in producing and distributing a range of products under the brand name "Agrokipos Halvatzi,” including steamed vegetables, ready-to-eat salads with vegetables & pulses, and sugar-free fruit salads. Additionally, the company offers jams, fruit preserves, and vegetables in brine, under the brand names "Halvatzi Family" and "Makedoniki".

Upon the signing of the agreement, Mr. Nikitas Pothoulakis, Vice Chairman of the Board of Directors and CEO of BARBA STATHIS, said, "We are delighted to welcome HALVATZIS MAKEDONIKI SA to the BARBA STATHIS family. This is a company that boasts outstanding human resources, a longstanding history, and a significant presence in the agri-food sector. Our shared foundation lies in drawing inspiration from nature to provide products of unquestionable quality and maximum safety, as well as our need to create an ecosystem of enjoyable nutrition for consumers that can foster well-being for both the present and future generations. These two pillars are integral to the success of this project. BARBA STATHIS remains committed to its investment program, underscoring our belief in the potential and prospects of the Greek primary sector and the national economy.”

Mr. Leonidas Halvatzis, continuing in his role as the CEO of HALVATZIS MAKEDONIKI SA, remarked, "Today, our vision expands, our influence strengthens, and our momentum accelerates, bringing broader benefits to the local community and the Greek economy. In an environment of increased prospects and security, our employees, our team of farmers, and our partners will now have new opportunities for growth and personal progress within a more robust company."

In 2022, HALVATZIS MAKEDONIKI SA recorded a turnover of 12.33 million euros, compared to 9.92 million euros in 2021. The profit before tax demonstrated a year-on-year growth of 24.32%, surpassing 1.24 million euros for the whole of the previous year, compared to 998 thousand euros in 2021. The profit after tax reached 988 thousand euros, marking a 24.88% increase from the previous year's figures. Situated in the Rizo area of Skydra, in Central Macedonia, the factory of HALVATZIS MAΚEDONIKI SA spans 40,000 sqm.