Korinthian Foods

What Korinthian Foods does

Korinthian Foods is a Greek industrial catering company founded in 2004 and headquartered in Solomos, Corinthia, that provides large-scale prepared meal production, food supply, and on-site canteen management to public institutions across Greece. The company currently produces approximately 15,000 ready meals per day across a production facility in Solomos (Corinth) and a secondary site in Kefalonia, supported by warehouses in Tripoli, Patras, and Heraklion, giving it nationwide coverage. Its core offerings are: (1) mass catering (industrial-scale meal preparation and distribution for schools, universities, hospitals, and government agencies), (2) food supply and provision of raw materials to institutional clients, (3) management of retail canteen and cafeteria points within universities and hospitals, and (4) participation in EU-funded FEAD/TEBA social food distribution programs for vulnerable populations.

The technology stack is conventional industrial rather than AI-led: a SOFT-1 ERP platform integrates procurement, production planning, inventory, and distribution; Vodafone IoT Fleet Control and Temperature Control monitor vehicles and cold-chain integrity; Microsoft 365 supports administrative operations; and Industry 4.0 IoT sensors collect real-time production data. Operational sustainability infrastructure includes rooftop photovoltaic systems covering nearly all energy needs, an electric vehicle fleet with on-site charging, and a public double EV charging station installed in partnership with NRG. The company holds more than 15 certifications across quality, safety, sustainability, and corporate responsibility.

The business model is exclusively B2G. Revenue is generated through public procurement tenders and multi-year negotiated contracts (typically three years with extension options) with municipalities, universities, OPEKA, the Ministry of Welfare, and EU-funded social assistance programs. Named contracts include €13.1M with OPEKA for school meals (9,988 meals/day), €6.36M with the Municipality of Fyli for social welfare distribution, €1.61M with the University of Peloponnese for student feeding, and €1.12M with the Municipality of Korydallos, plus a growing share of the EU FEAD/TEBA program in which the Fyli municipality budget alone reached €10.46M. The company recorded FY2023 turnover of €28.21 million and EBITDA of €8.34 million, and in June 2024 announced its intention to list on the Main Market of the Athens Stock Exchange — pending regulatory approval — which would make it the first listed company in the Greek industrial catering sector. A new 3,600 sq.m. production facility in Solomos, representing a €10M investment, is scheduled to open in May 2026 and will raise daily capacity to 90,000 meals (sixfold), with management claiming 15-18% annual cost efficiency improvement from the Industry 4.0 modernization.

Name

Korinthian Foods

Legal name

KORINTHIAN FOODS

Website

https://korinthianfoods.gr

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Korinthian Foods is a Greek industrial catering company founded in 2004 that produces and distributes mass meals to public institutions — including schools, universities, hospitals, and municipalities — under multi-year government and EU contracts. It operates a nationwide production and logistics network and is preparing to list on the Athens Stock Exchange.

Ownership category

akta.pro rank

Product category

Industrial Catering

NAICS

Food Service Contractors (72231), Special Food Services (7223), Community Food Services (624210)

SIC

Retail-Eating Places (5812), Food And Kindred Products (2000)

akta.pro primary industry

Food Service & Dining Operations Management (Managed Cafeterias) (EDAEALAG)

akta.pro secondary industries

Catering & Events Food Service (EDALADAC), In-House Cafeteria Operations & Meal Preparation (EDAEAEAA)

Keywords

• Industrial catering services
• Mass food production
• Institutional food supply
• Canteen management services
• Public sector catering

Headquarters

HQ city

Solomos (Corinth)

HQ country

Greece

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Catering & Food Supply Contracts: Korinthian Foods generates revenue primarily through long-term contractual agreements with public institutions for the supply of prepared meals and food products. Contracts cover school feeding programs, university student dining, hospital canteens, and social assistance programs. Revenue is project-based and tied to contract duration, with recurring renewal opportunities. Key contracts include OPEKA school meals (€13.1M), University of Peloponnese (€1.61M), Municipality of Fili (€6.36M), and FEAD/TΕΒΑ social food programs.
2. Food & Grocery Supply to Social Programs: Supply of food items and grocery products to municipalities for social grocery stores (Κοινωνικά Παντοπωλεία), nursery schools, and welfare programs. Revenue is based on supply agreements with public sector entities under EU-funded social assistance programs.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

Korinthian Foods is a Greek industrial catering company that produces, distributes, and serves mass meals and food supplies to public institutions across Greece. Its core activities are food supply and provision of raw materials, large-scale industrial meal production (currently 15,000 ready meals/day, scaling to 90,000), and managed canteen/cafeteria operations inside universities and hospitals. Revenue is generated through long-term contractual agreements won via public procurement tenders, including school feeding (OPEKA), university student dining, hospital canteens, EU-funded social food assistance (FEAD/TEBA), and refugee accommodation facilities.

Product overview

Korinthian Foods is the largest regional Greek industrial catering company, offering a unified portfolio of integrated large-scale catering and food supply services. Its core offerings comprise: (1) Food Supply and Provision Services — supplying food and raw materials to institutions across Greece; (2) Mass Catering — preparing and distributing up to 15,000 ready meals daily (scalable to 90,000–105,000 with new facilities); (3) Retail Point Management — operating canteens at universities and hospitals; (4) TEBA/FEAD Social Programs — distributing food aid to vulnerable populations via EU social programs; (5) University Feeding Programs — operating student restaurants at University of Peloponnese campuses; and (6) OPEKA School Meals Supply — providing daily school meals across Peloponnese and Corinthia under multi-year government contracts. The company operates production facilities in Solomos, Corinthia and Kefalonia, with storage/distribution centers in Tripoli, Patras VI.PE., and Heraklion, Crete, covering the entirety of Greece.

Differentiator

Problem solved

Functional benefit

Products and services

• Food Supply and Provision Services

Quantifiable outcome

• 136% increase in EBITDA in FY 2023 compared to FY 2022 (from ~€3.5M to €8.34M)
• +5 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered supporting, core, flagship and major.

• Vodafone BusinesssupportingTechnology or Integration · 31 March 2025Korinthian Foods utilizes Vodafone Business technology tools including IoT Fleet Control (real-time vehicle monitoring), Temperature Control (cold chain monitoring), Vodafone Cloud, and Microsoft 365 for operational efficiency, security, and flexibility across its production and distribution operations.
• SOFT-1supportingTechnology or Integration · 31 March 2025Korinthian Foods uses SOFT-1 ERP platform for integrated business process management, including procurement, production planning, inventory, and distribution operations across all facilities.
• Municipality of Fili (Fyli)coreStrategic or Co-development Partner · 4 February 2025Korinthian Foods signed a €6,359,956.27 contract with the Municipality of Fili for supply and distribution of food items covering municipal day care centers, Social Kitchen, Social Grocery, basic goods supply, and elderly day care facilities for three years with possible one-year extension.
• University of PeloponnesecoreStrategic or Co-development Partner · 20 January 2025Korinthian Foods signed a €1,613,314.56 contract with the University of Peloponnese for student and faculty dining services across three campuses (Tripoli, Nafplio, Corinth). The three-year contract provides approximately 1,000 students with daily free meals (breakfast, lunch, dinner) during the academic year, ensuring nutritious and balanced meals for the university community.
• Region of PeloponneseflagshipStrategic or Co-development Partner · 11 October 2024Korinthian Foods implements gastronomic events on behalf of the Region of Peloponnese at EURegionsWeek in Brussels, showcasing Peloponnesian agri-food products and culinary heritage to European audiences. The company has implemented this partnership at EURegionsWeek 2024 and again at EURegionsWeek 2025, featuring distinguished guests including European Commissioner Elisa Ferreira.
• OPEKA (Organization of Welfare Benefits and Social Solidarity)coreStrategic or Co-development Partner · 23 September 2024Two school meals supply contracts totaling €13.1 million with OPEKA, covering 9,988 meals per day for three years. Contracts serve municipalities across the Peloponnese and Corinthia regions including Aigialeia, West Achaia, Tripoli, Megalopolis, Corinth, Velo/Vocha, Sikyonia, and Kefallinia.
• Municipality of KorydallosmajorStrategic or Co-development Partner · 9 May 2024€1.12 million contract (2024-2025) with the Municipality of Korydallos for food supply to support vulnerable social groups through municipal day care centers, Social Kitchen, Social Grocery, basic goods supply structure, and elderly day care.
• NRG (Electric Mobility)supportingTechnology or Integration · 3 October 2023Partnership with NRG, a leading electric mobility company, to install a public double charging station for electric vehicles at Korinthian Foods' facilities. In addition, 4 company vehicles were replaced with electric models, supported by private chargers within the premises.
• Municipality of Fylis (FEAD/TΕΒΑ)coreStrategic or Co-development Partner · 23 March 2023Korinthian Foods serves as contractor for the EU Fund for European Aid to the Most Deprived (FEAD/TΕΒΑ) program for the Municipality of Fylis. Contract budget was increased from €7,558,439.17 to €10,464,462.55, with the municipality's total FEAD budget reaching €16,476,745 including emergency grants. Korinthian Foods supplies and distributes food and basic material assistance items to beneficiaries.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Aramark: US-headquartered global food services and facilities company serving education, healthcare, business, and government clients. Directly comparable business model to Korinthian's managed institutional catering, though with North American scale and a different geographic focus.
• ISS A/S: Danish global facility services company that bundles food services with cleaning, security, and other integrated facility management contracts. Comparable to Korinthian Foods for institutional catering bundles, especially in public-sector and healthcare accounts, though as a broader FM player.
• Elior Group: Major European contract catering group with strong positions in education, healthcare, and corporate food services across France, Italy, Spain, and the UK. Closely comparable business model to Korinthian's B2G/B2B institutional catering with similar contract tendering dynamics.
• Sodexo S.A. Global French-headquartered food services and facilities management company with major European institutional and education contracts. Directly comparable to Korinthian Foods for school, university, hospital, and government catering services, though at much larger scale and with private-sector penetration Korinthian does not serve.
• Compass Group plc: World's largest contract catering and support services company with extensive operations across Europe. Provides institutional, education, healthcare, and B2B food services at global scale, directly comparable to Korinthian Foods' managed cafeteria and contract catering model but with vastly broader geographic and segment reach.

Regional players

• Lexington Catering: UK independent contract caterer focused on workplace, education, and public-sector food services. Comparable mid-sized industrial catering peer to Korinthian Foods for scale, public-sector contract mix, and ESG-led positioning, though UK-focused.
• CH&CO Group: UK-based premium contract caterer serving corporate, public sector, and heritage clients. Comparable to Korinthian Foods in the outsourced managed-catering model and quality-led positioning, though operating primarily in the UK rather than Greece.
• Caterlink: UK specialist in education catering, providing school meal services across primary and secondary academies. Comparable niche overlap with Korinthian Foods' school meals business under OPEKA, though focused exclusively on UK academies.

Market position

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/korinthianfoods
• LinkedInlinkedin.com/company/korinthian-foods
• Instagraminstagram.com/korinthianfoods

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Korinthian Foods