Papoutsanis announced the acquisition of 100% of “Arkadi” Soap Factory. “With this agreement, which is fully aligned with its philosophy and business strategy, Papoutsanis enters the clothing care and general purpose cleaners markets, simultaneously strengthening its product portfolio and its presence in the Greek market,” the relevant announcement states .
Menelaos Tasopoulos, managing director of Papoutsanis ABEE, commented on this: “With the acquisition of the “Arkadi” soap factory and the common starting point of Greek identity, tradition, innovation and the excellent quality of our products, we are taking a historic step in the long history of Papoutsanis . We leverage our experience and know-how in new markets, strengthen our already dynamic course, consistently implementing our development strategy”.
Maria Malikoutis, president and managing director of “Arkadi” Soap Factory, emphasized that: “Two of the oldest and most historic soap factories in the country with common principles are joining forces. The agreement with Papoutsanis, the culmination of an already long-standing and excellent collaboration, comes in an important moment for Arkadi and opens new perspectives for further dynamic development in Greece and abroad, with sustainability and innovation as the main axes”.
It is noted that the “Arkadi” soap factory, founded in 1946, has the complete line of Arkadi products for cleaning clothes and the home as well as for personal care with pure, natural, vegan and internationally certified products.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
