€3 million investment to double exports for Rodoula

Rodoula SA Greek Food News

Rodoula SA, one of the most established companies of frozen dough products and sweet delicacies in Greece, will benefit from a €3 million investment from Elikonos Capital Partners, a private equity firm pursuing investment opportunities in growth companies. According to information, the money will be invested towards the re-construction of one of the company’s two production units, as well as the development of exports. In addition, these €3 million will also be spent on the development of the company’s international network, and more specifically in the US, Germany, the UK and Italy.

The aim of the investment is to boost exports from 20% of the company’s turnover to 50%. Namely, the company’s turnover in 2017 was €14.4 million and €16.5 million in 2018, and it is projected to reach €37-€40 million by the year 2024.