Triple strike with Tamvakaki, Karamouzis and Theodoropoulos in possession

Written by Giorgos Lambiris

Spyros Theodoropoulos, Apostolos Tamvakakis and Nikos Karamouzis are entering the bottled water market, acquiring S. Mendekidis SA. The majority of. This is a company based in Northern Greece, which produces two water brands, “Seli” and “Dios”. The three mentioned above set up Water Invest just a few hours ago, and funds Tamvakaki (EOS Capital) and Karamouzis (SMERemediumCap) appear as shareholders, while a close partner of Spyros Theodoropoulos, Maria Georgiou, is involved in managing the company. .

We remind you that this is not the first time that Spyros Theodoropoulos has colluded with Apostolos Tamvakakis, which also happened in the case of the Greek juice company, which together acquired a majority stake.

The bottled water sector has shown particular movement in recent times as Nikos Tsakos and Nera Pigon Grammou entered into production, while the former commercial director of Chitos (Zagori), Periklis Katrifanos, took over the position of general manager of this company.

It should be noted that in 2022 Mendekidis had a turnover of €16.72 million and EBITDA of €2.1 million.

Recently, N. Karamouzis also acquired a majority stake in EPSA, the well-known soft drinks company based in Agria Volos, so there is a direct synergy between soft drinks and water in and from this specific step of the fund’s activities.

Mentekidis has been with the road since 1992

The company was established in 1992 by Dimitris Mendikidis’ father, Sava. Its first headquarters were in Spelia Kozani, the birthplace of Savvas Mendikidis, who, after retiring from the Air Force, where he had been an officer (armourer), began planning his next career move. After a short stint in the entertainment industry in Volos, where the family lived, he decided to invest in an industry that was then in its infancy: water bottling. Somehow, after seeing the prospects of natural mineral water, he established the company’s first factory in Spilia, using the “Assos” spring at the foot of the Vermion River, and introduced the “Sili” natural mineral water to the market. Just one year later, his son received his baptism of fire in the company, when he was only 23 years old. In 2000, Dimitris Mendikidis took over the reins from his father.