VNK Capital and PALIRRIA -SOULIOTIS S.A., announce the signing of a strategic partnership through the acquisition by VNK Capital of 36 % of the equity of PALIRRIA SOULIOTIS S.A..
VNK Capital is a private equity firm investing in Greek and International companies, which are leaders in their fields , aiming to create added value in those companies through innovative strategies and flexible financing structures targeting their further development in both the Greek and International markets.
Palirria – SOULIOTIS S.A., is a Greek private company engaged in the production of ready- to -eat meals with a history and experience spanning more than 60 years.
With due respect to traditional Greek and Mediterranean cuisine, careful sourcing of raw materials, adherence to the highest quality and strictest food safety standards, Palirria’s development is based on two basic principles, customer satisfaction on the one hand and the continuous integration of innovative technologies in the production of its traditional Greek and Mediterranean recipes on the other .
Palirria – Souliotis SA is currently the leading Greek exporter of ready- to- eat meals and holds the position of No 1 Dolma producer in the world .
Its products are exported to more than 50 countries worldwide, with a strong presence in Europe, USA, Canada, Middle East and Australia.
The aim of the strategic partnership between VNK Capital and Palirria is to further expand Palliria’s exports which currently represents more than 80% of company’s total revenue.
The transaction is subject to the approval of the competent regulatory authorities.