The KARAKOSTAS – GIANNAKOS COMPANY is established with its main activity the import and export of various edible products. The company’s activities take place in Athens and Piraeus.
From 1949 and during the 1950s it achieves great success in exports, establishing its name in many foreign countries.
Day by day, the company continued to invest heavily in new product categories, expanding the range of products offered to consumers. And so, the Greek and international markets start to get to know its brands: HORIO Koroneiki Variety, FAST with yogurt, MINERVA Mountain Regions, MINERVA Olive Grove, FAST with honey.
In February 2004, in order to respond to consumers’ nutritional demands for food that help good health, MINERVA establishes a strategic partnership with Finnish company, Raisio, and started production of a series of spreads called MINERVA BENECOL at the Schimatari factory. These functional products effectively lower cholesterol.
In 2014, a major brand, TOP vinegar, is added to MINERVA’s portfolio. The acquisition of the TOP Vinegar production plant and brand by Pernod Ricard Hellas SA is a strategic choice for the company. This contributes to the further expansion of its activities in the wider food market and enriches its product range with yet another historic brand that has captured the hearts of the Greek family. At the same time, with the acquisition of the TOP products, MINERVA substantially enhances its export basket and its promotion.
MINERVA celebrated 120 years of tradition and innovation.
Grounded in Greek heritage and guided by a forward-looking vision, we consistently reinforce our leadership in the food sector while expanding our international presence.
MINERVA announces the acquisition of the brands “Altis,” “Elanthi,” “Flora,” and “Sol,” thereby further strengthening its position in the olive oil and other edible oils sector.
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