Elikonos Capital announces an investment in AKRITAS S.A. through the investment fund Elikonos 3 S.C.A. SICAV-RAIF.
AKRITAS is one of the oldest wood processing companies in Greece, having been in operation since 1977, and is currently the leading Greek manufacturer of particleboard, holding a dominant position in the domestic market for processed timber products and coated particleboard. The company operates a vertically integrated production facility in Evros, serving a broad network of customers in Greece and abroad.
As noted in the relevant announcement, Elikonos 3’s investment will support AKRITAS’s investment plan, with a focus on modernizing production equipment, energy efficiency, strengthening circular economy practices, and the further development of the company’s product portfolio.
AKRITAS focuses on the circular economy and sustainable industrial production, with an emphasis on wood reuse, biomass utilization, reducing its environmental footprint, and implementing modern sustainability and corporate governance standards. At the same time, it is one of the most important employers in the remote region of Evros, contributing significantly to local social and economic development.
AKRITAS has significant prospects for further growth, supported by the positive momentum of the building materials and wood products market.
Takis Solomos, Partner at Elikonos Capital, stated:
“We are particularly pleased with our collaboration with AKRITAS’ management, and especially with Ms. Loukia Saranti, who has linked her name to the company’s long-term trajectory and development. AKRITAS is a historic Greek industrial company with a strong production base, a leading market position, and a clear investment plan for the coming years.
We believe the company has significant potential for further growth both in Greece and internationally, capitalizing on trends in the circular economy, the energy transition, and sustainable building materials.”
Ms. Loukia Saranti, Chair of the Board of Directors of AKRITAS, stated:
“Our partnership with Elikonos Capital marks an important new chapter for AKRITAS. This investment will allow us to accelerate our investment program, strengthen our competitiveness, and continue our growth trajectory with a focus on sustainability, innovation, and international expansion.”
Elikonos 3 S.C.A. SICAV-RAIF, with €200 million in capital, invests with the aim of supporting growing Greek small- and mid-cap companies with strong prospects for international expansion and innovation.
Its investments are backed by leading institutional investors, including:
- The Hellenic Development Bank of Investments (HDBI)
- The European Investment Fund (EIF)
- The European Bank for Reconstruction and Development (EBRD)
With a strong investment track record and proven ability to provide strategic support, Elikonos Capital, which has been active in the alternative investments market since 2012 and has established a total of four investment funds exceeding €300 million in aggregate, with strategies in private equity and capital markets, systematically strengthens the competitiveness of Greek entrepreneurship, bringing new leaders to the forefront of international markets.