- CEO
- Ioannis K. Bouras
- Full Time Employees
- 3,042
- Sector
- Consumer Defensive
- Industry
- Household & Personal Products
- Address
- 26, Amarousiou - Halandriou Street Athens Greece 151 25
- IPO Date
- Apr 12, 2013
- Business
- Gr. Sarantis S.A. manufactures and distributes a broad range of consumer products including cosmetics, household items, and parapharmaceuticals through its subsidiaries. The company operates in six segments--Beauty/Skin/Sun Care, Personal Care, Home Care, Private Label via Polipak, Strategic Partnerships, and Other Sales--offering personal care products such as baby care, body wash, deodorants, fragrances, grooming, hair care and styling, hand wash, oral care, personal hygiene, shaving, skin care, and sun care; home care solutions including dishwashing, drainer care, food packaging, insect control, concentrated fabric softeners, shoe care, bathroom cleaners, cleaning tools, septic tank activators, and garbage bags; health care items comprising food supplements, self-care products, and related skin care; luxury cosmetics such as candles, makeup, treatments, and home fragrances; and professional products like detergents and packaging. It sells through hypermarkets, supermarkets, pharmacies, beauty shops, and groceries to consumers in mass market and professional channels.
The company maintains strong operations in 13 countries across eight business units--Greece including Portugal and select international markets, Poland, Romania, Bulgaria, West Balkans, Czech Republic and Slovakia, Ukraine, and Hungary--with a distribution network reaching over 50 countries worldwide, and subsidiaries including Sarantis Portugal, Astrid s.r.o., and Polipak Sp. z o.o. Founded in 1930 in Constantinople with headquarters relocated to Athens, Greece in 1956, Gr. Sarantis S.A. lists on the Athens Stock Exchange since 1994 and employs around 2,300 people focused on household and personal products in the consumer staples sector.
Recent developments include the acquisitions of Polipak, Ergopack, and Stella Pack to bolster private label and production capabilities, with Stella Pack integration ongoing into 2025; a five-year investment plan totaling 81 million euros highlighted at the March 2024 Investor Day, featuring 25 million euros for 2025-2026 on a new distribution center in Oinofyta for domestic and export markets plus 12 million euros in digital transformation; increased 2025 capital expenditures to 40 million euros for capacity expansion at the Inofita plant and regranulation projects; and strategic partnerships with Amazon and Target for U.S. market entry alongside new exclusive agreements and sun care expansion into the Middle East under the Carro brand.