Amalthia

What Amalthia does

Amalthia S.A. is a Greek, family-owned processor and exporter of table olives and olive-derived products, headquartered in Kefalovriso, Etoliko, in the Aetolia-Acarnania region of western Greece. The company was founded in 1965 by Athanasios Zoukas, formally incorporated as a Société Anonyme in 1980, and is now run by the founder's children, Konstantinos Zoukas (General Manager, since 1993) and Vana Zouka (Finance Manager), with the third generation preparing to take over. Operations are organized around a B2B export model that combines branded distribution with private-label manufacturing and is supported by BRCGS, Kosher, and TRACES certifications plus a full traceability infrastructure aligned with the TRACE framework.

The product portfolio centers on three core olive varieties (Kalamata, Green, and Black Natural) plus a certified organic sub-line and an extra virgin olive oil line sold in 500ml-5L formats. The company has extended into value-added snacks through olive pastes (tapenades) and olive biscuits, the latter developed under the ELIAXIA research collaboration with the University of the Aegean's Laboratory for Sensory Analysis of Food and Beverages. Technology is conventional food-processing and packaging infrastructure combined with traditional recipes and a BRC-mandated traceability system; there is no disclosed AI/ML or proprietary digital platform.

Revenue is generated primarily through one-time export sales of processed olive SKUs to international distributors, retail chains, and private-label partners across more than 25 countries in Europe, the USA, Australia, and Asia, with pricing quoted per order based on volume, packaging, and destination. The go-to-market motion is enterprise field sales driven by recurring participation in major international trade fairs (SIAL Paris, ANUGA Cologne, Summer Fancy Food Show New York, PLMA Amsterdam) rather than digital or direct-to-consumer channels, supplemented by a light social-media presence for brand awareness. The only disclosed capital inflow is a €153,539 EU grant supporting an internationalization investment plan submitted in October 2019.

Name

Amalthia

Legal name

AMALTHIA S.A.

Website

https://amalthia.com.gr

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

Amalthia S.A. is a Greek family-owned processor and exporter of table olives, olive oil, and olive-based snacks, founded in 1965 and headquartered in Etoliko, Greece, serving distributors, retail chains, and private-label partners across 25+ countries.

Ownership category

akta.pro rank

Product category

Table Olives and Olive Products

NAICS

Fruit and Vegetable Preserving and Specialty Food Manufacturing (3114), Starch and Vegetable Fats and Oils Manufacturing (31122), Snack Food Manufacturing (31191)

SIC

Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Food And Kindred Products (2000), Miscellaneous Food Preparations & Kindred Products (2090)

akta.pro primary industry

International & Ethnic Packaged Foods (CRADAAAG)

akta.pro secondary industries

Olive Oil Production & Bottling (AFAKAEAC), Pesto, Cooking Pastes & Concentrated Flavor Bases Manufacturing (AFAKADAN)

Keywords

• Table olives
• Extra virgin olive oil
• Olive paste products
• Organic olives
• Private label manufacturing

Headquarters

HQ city

Mesolónghi

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Table Olives Processing and Export: Core business generating revenue through processing, packaging, and exporting of Greek table olives (Kalamata, Green, Black Natural varieties) to international markets. Products sold in various packaging formats including glass jars, vacuum bags, and bulk containers.
2. Extra Virgin Olive Oil: Production and sale of premium extra virgin olive oil, available in retail bottles (500ml, 750ml) and catering sizes (3L, 5L metal tins).
3. Olive-based Snacks: Modern product line including olive pastes (tapenade-style) and olive biscuits/breadsticks, sold in glass jars and retail packaging.
4. Organic Olives: Certified organic olive products (Kalamata and Green varieties) addressing growing demand for organic and natural food products.
5. Private Label Manufacturing: Production of products under private label for retail partners, as evidenced by active participation in PLMA (Private Label Manufacturers Association) trade shows.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Amalthia processes and exports Greek table olives (Kalamata, Green, and Black Natural varieties), extra virgin olive oil, and olive-based snack products (olive pastes and olive biscuits) under the Amalthia Finest Greek Products brand. The company supplies international retailers, distributors, food service operators, and private-label partners across more than 25 countries in Europe, USA, Australia, and Asia, offering products in retail glass jars, vacuum bags, and bulk/catering packaging formats.

Product overview

Amalthia is a Greek food company specializing in olive products, offering a comprehensive portfolio centered around table olives and olive-derived products. The core product line includes Kalamata Olives, Green Olives, and Black Natural Olives, complemented by an Organic Olives sub-brand. The product range extends to innovative snack products including Olive Pastes (tapenades) and Olive Biscuits, as well as Extra Virgin Olive Oil. The company operates as a single unified product offering rather than a platform-plus-modules architecture, with all products falling under the Amalthia Finest Greek Products brand. Products are available in various packaging formats including bulk (barrels), retail (glass jars, vacuum bags, PET jars), and catering sizes.

Differentiator

Problem solved

Functional benefit

Products and services

• Kalamata Olives

Quantifiable outcome

• Products exported to more than 25 countries globally
• +1 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• University of the Aegean - Department of Food Science and NutritioncoreStrategic or Co-development PartnerAmalthia maintains an ongoing research collaboration with the Laboratory for the Study of Consumer Reactions and Sensory Analysis of Food and Beverages at the University of the Aegean. This partnership focuses on developing innovative olive-based products, particularly utilizing olive by-products that cannot be commercially used in their present form. The collaboration is part of the 'ELIAXIA' program and has resulted in product innovations such as olive biscuits developed under scientific guidance. Research findings have been presented at academic conferences including SenSo 2024.
• Region of Western GreeceminorOthersAmalthia successfully implemented an investment plan submitted and approved by the Region of Western Greece within the framework of the 'Extroversion-Internationalization of Small and Medium Enterprises of the Region of Western Greece' program (ESPA 2021-2027). The investment of €255,898.35 (with €153,539.01 EU grant) was used primarily for participation in 9 international exhibitions (7 abroad).

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Kara (P. & K. Karaolis Ltd / Kara Olives): Mediterranean-origin olive producer (Cyprus) exporting table olives, olive oil and olive pastes. Comparable in product mix and B2B/private label focus, though it primarily serves from a different geographic origin than Amalthia.

Direct peers

• Mani (Papadimitriou Bros / Mani Olive Products): Greek premium table olives and olive oil producer based in Kalamata. Comparable to Amalthia in Mediterranean origin positioning, organic/PDo offerings, and export reach to specialty retail in EU, US, and Asia.
• Loulis Mills (Loulis Food Ingredients S.A.): Greek-based olive oil and olive products manufacturer with international B2B and private label presence. Comparable to Amalthia in olive-based CPG manufacturing, multi-format packaging, and export-led distribution model.
• Aceitunas Guadalquivir: Spanish table olive processor and exporter offering conventional and organic olives in multiple formats for retail and private label. Comparable to Amalthia in olive processing, multi-format packaging, and private label export focus, with a different Mediterranean origin.
• Olive Line (Trofoi Melissa - Olive Line): Greek table olive processor/exporter offering Kalamata and other varieties in bulk and retail packaging. Closely comparable to Amalthia in olive processing, packaging flexibility, and export-led B2B commercial model.
• Gaea (Gaea Products S.A.): Greek olive specialist producing table olives, olive oil, and olive-based spreads/snacks for international retail and private label. Directly comparable to Amalthia as a Greek olive processor/exporter targeting European and global retail channels with branded and private label lines.
• Minerva Greek (Minerva S.A.): Greek extra virgin olive oil exporter and table olive producer serving retail and foodservice globally. Highly comparable to Amalthia in product mix (EVOO + olives), private label capacity, and export-first commercial strategy.

Broad incumbents

• Colavita (Colavita S.p.A.): Large Italian extra virgin olive oil and Mediterranean food brand with broad international retail and foodservice distribution. Comparable to Amalthia as a Mediterranean-origin olive products brand, but with significantly larger scale and broader category portfolio.
• AgroSevilla (Aceitunas Sevillanas / AgroSevilla): Large Spanish olive producer and exporter with vertically integrated table olive operations and global retail/private label customers. Comparable to Amalthia as an olive CPG manufacturer, but at significantly larger scale and broader geographic reach.
• Deoleo (Carbonell, Bertolli owner): Global leader in branded olive oil (Bertolli, Carapelli, Carbonell) with extensive retail presence. Comparable to Amalthia only at the high level of branded/exported Mediterranean olive products; much larger and broader category.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/amalthia-sa
• Instagraminstagram.com/amalthia_sa

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amalthia