The Greek industrial catering company Korinthian Foods made the decision to list its shares on the Main Market of the Athens Stock Exchange's Regulated Market.
Elias Kakoyannis, founder and CEO of Korinthian Foods,. The participation of a broader group of investors, the exposure to the capital market, and the opportunities arising from its utilization are expected to further enhance the company's growth and expansion, adding new possibilities to its financial performance and prospects. At the same time, it will lead the company into an environment of enhanced corporate governance with direct benefits in terms of operationality and transparency. I am particularly proud of my team, whose dedication, experience, and teamwork have led Korinthian Foods to today, and we are ready to write the next chapter in our company's history with optimism for the future."
Korinthian Foods was founded in 2004 in Solomos, Corinthia. It has been operating for two decades in the industrial catering sector, offering integrated catering and catering services on a large scale, with an emphasis on the use of local and Greek products of high nutritional value. It employs more than 130 employees and maintains a wide distribution network covering all of Greece.
Korinthian Foods has a central production unit in Solomos, Corinthia, designed according to the specifications imposed by European and Greek legislation, as well as modern and safe storage facilities for raw materials. In addition, the company has a fully equipped production unit in Kefalonia.
At the same time, a new, modern meal production unit is being constructed at Korinthian Foods' headquarters in Solomos, Corinthia, on the company's 10,000-square-meter privately owned site, which is expected to be operational by the end of 2024. The new facility will enable the production of 90,000 pieces of ready meals per day, doubling the current production capacity while achieving a quality upgrade of the product provided. The existing plant will remain a backup and will be brought into operation if and when necessary due to increased demand, increasing the production capacity to 105,000 portions per day. At the same time, in addition to the production department, the new unit will have modern and secure storage areas for the raw materials used for the production of the meals and will also house the new management offices.