VIVARTIA HOLDING (“VIVARTIA”) announces today, 23 January 2025, that a Share Purchase Agreement was signed, through which "FROZEN HOLDINGS S.M.S.A." ("FROZEN"), a subsidiary of VIVARTIA and the sole shareholder of the company "BARBA STATHIS Single Member Industrial and Commercial Company S.A." ("BARBA STATHIS") agreed with IDEAL for the transfer of 100% of the shares of BARBA STATHIS, as also stated in the relevant announcement issued by IDEAL to the Athens Stock Exchange.
BARBA STATHIS has been operating in the sector of food production and distribution for more than 55 years. Since its establishment, it has been at the forefront of nutritional developments, investing systematically in innovation as well as the primary sector. Its commitment to excellent quality and maximum product safety, consumer care, high expertise, as well as its emphasis on sustainable development and continuous modernization, establish the company as a leader in the industry.
- BARBA STATHIS, has achieved, over the last 4 years, significant growth in Sales +22% (5% CAGR), estimated to reach €120 million in 2024.
- In the last four years, BARBA STATHIS has implemented an investment plan of €22 million focused on the expansion of its production infrastructure, the continuous improvement of its production process, as well as the reduction of its environmental footprint.
- In November 2023, BARBA STATHIS acquired 80% of the, also historical company of the sector, HALVATZIS MACEDONIKI S.A., and in October 2024 increased its share to 90%. Through this investment, BARBA STATHIS expanded its presence in the agri-food sector.
- BARBA STATHIS’ main objective is to strengthen the country’s primary sector, creating long-term relationships of mutual trust and providing steady support to its partner Greek farmers and producers, who cultivate 30,000 acres of fertile Greek land.
- BARBA STATHIS develops its business operations with an emphasis on enhancing transparency, reducing environmental impact, and delivering high social value. Noteworthy is the Platinum distinction of BARBA STATHIS in the EcoVadis sustainability performance evaluation process in 2024, which places it in the top 1% of companies evaluated by the body internationally.
- BARBA STATHIS strengthens the economy and local employment and gives back to society the value and trust it receives, creating a significant positive impact. In particular, in the last four years (2020-2024), the increase in the number of employed workers amounted to 22%.
In addition, it is worth mentioning that, in recent years, the company has received numerous important distinctions, both for its products and its best business practices including that of Growth Winner 2024, Growth Awards (Eurobank and Grant Thorton).
All of the above confirms the Company’s long-term growth trajectory and its significant footprint in the Greek society and economy.
Finally, we would like to add that with regard to recent articles in the press concerning M. Arabatzis / Hellenic Zymi S.A., Vivartia declares that:
There is no intention of selling its participation in this company, nor is there any selling process underway, as has accidentally been reported in various publications recently.
On the contrary, Vivartia’s objective is the continuous development of M. Arabatzis / Hellenic Zymi S.A. in Greece and abroad, with further strengthening of its presence in international markets.