Astir Vitogiannis
Crown cork producer.
- Construction
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A Valuation: €136m 1.8x EV/Revenue | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
Astir Vitogiannis was founded in 1953 by George Vitogiannis, initially as a small soft drinks bottler serving the local Greek market. Over the years, the company evolved into a leading manufacturer of crown corks, a crucial component in the beverage industry. This transformation was driven by a commitment to quality and innovation, allowing Astir to surpass multinational giants in production capacity.
The company remained a family-run business, with Stelios Vitogiannis, George's grandson, taking the helm as Managing Director. Under Stelios's leadership, Astir expanded its production capabilities, reaching an impressive output of 12 billion bottle caps per year. This growth positioned Astir as a significant player on the global stage, known for its manufacturing expertise and customer-centric approach.
In a major development, Astir Vitogiannis was acquired by Guala Closures in April 2024. This acquisition marked a new chapter for the company, integrating it into a larger network of closure solutions providers. The deal was seen as a strategic move to enhance Guala's market presence and leverage Astir's established reputation in the industry.
Astir's journey from a modest bottling operation to a global leader in crown cork manufacturing exemplifies the power of strategic growth and adaptation in a competitive market. The company's story is a testament to the enduring legacy of family entrepreneurship and the impact of visionary leadership.