What Commerce does

Commerce is a Greek family-owned industrial supplier headquartered in Piraeus, founded in 1945 and operating today under its current name since 1995. The business manufactures and distributes two principal product categories: (1) calendered and extruded polymer films and layers produced in-house from PVC, PP, PET, and other thermoplastics (PE, PS, HIPS, ABS), available in flexible, semi-rigid, and rigid configurations for stationary, office, decoration, advertisement, packaging, construction, pharmaceutical, and industrial manufacturing applications; and (2) packaging, storage, and logistics handling materials including plastic and certified wooden (EUR/EPAL, IPPC/ISPM 15) pallets, pallet boxes, crates, bins, drums, hygienic packaging, isothermal containers, protection materials, and racking systems. Manufacturing is conducted through proprietary calandering and extrusion processes at its owned Piraeus facility adjacent to the Central Port of Athens, with a secondary warehouse in Aspropyrgos handling high-quantity orders.

The company monetizes primarily through one-time product sales of both stock materials and customized/tailor-made solutions, priced on a quote basis rather than through published pricing. Distribution is exclusively direct-to-customer B2B, combining a website contact form, email, and phone inquiries into a sales-led motion that serves both the Hellenic domestic market and international customers. Certifications and regulatory compliance — including ISO, EN 71/3, EU Packaging Regulation 94/62/EC, ROHS 2, and IPPC/ISPM 15 — are central to value delivery and act as gating qualifications for downstream buyers in toys, packaging, pharma, and export-grade wood packaging.

Commerce is registered as a Greek Private Capital Company (Ιδιωτική Κεφαλαιουχική Εταιρεία / IKE) with a corporate capital of €102,000, operating with 1-10 employees and no external funding, venture investment, or acquisition history. Ownership sits with the third-generation Vaxevanaki family (Vaxevanaki Angeliki as designated manager and Vaxevanakis Petros as partner), making the firm a small, family-controlled specialty industrial business rather than a venture-backed growth company.

Name

Commerce

Legal name

COMMERCE IΔΙΩΤΙΚΗ ΚΕΦΑΛΑΙΟΥΧΙΚΗ ΕΤΑΙΡΕΙΑ

Website

https://commerceltd.gr

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

1–10 employees

Short description

Commerce is a Greek family-owned industrial supplier founded in 1945, manufacturing calendered and extruded polymer films (PVC, PP, PET) and distributing packaging, storage, and logistics handling materials to B2B customers in the Hellenic and international markets.

Ownership category

akta.pro rank

Product category

Industrial Polymer Films and Packaging Materials

NAICS

Plastics Packaging Materials and Unlaminated Film and Sheet Manufacturing (32611), Corrugated and Solid Fiber Box Manufacturing (322211)

SIC

Unsupported Plastics Film & Sheet (3081), Wholesale-Paper & Paper Products (5110)

akta.pro primary industry

Protective & Cushioning Packaging (Bubble Wrap, Air Pillows, Foam-in-Bag) Manufacturing (IMANAEAF)

akta.pro secondary industry

Export & Compliance Packaging (ISPM-15, Heat-Treated Wood Packaging) (IMALAFAL)

Keywords

• Polymer film manufacturing
• Industrial packaging materials
• Logistics handling supplies
• PVC film production
• Material handling products

Headquarters

HQ city

Piraeus

HQ country

Greece

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Polymer Films and Layers Sales: Sale of calandered and extruded polymer films and layers made from PVC, PP, PET materials for various applications including packaging, storage, stationary, office, decoration, advertisement, and construction sectors
2. Packaging, Storage & Logistics Handling Materials: Sale of handling materials, products and systems including plastic pallets, pallet boxes, crates, boxes, bins, tanks, cars, wooden pallets, and rack systems
3. Customized/Tailor-Made Solutions: Provision of personalized orders and tailor-made products in addition to stock material offerings

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Commerce manufactures and supplies calendered and extruded polymer films and layers made from PVC, PP, and PET, available in flexible, semi-rigid, and rigid forms for stationary, packaging, construction, advertisement, and decoration sectors. The company also provides a complete range of packaging, storage, and logistics handling materials including plastic and wooden pallets, pallet boxes, crates, boxes, bins, tanks, hygienic packaging, isothermals, protection materials, and rack systems, serving both the local Hellenic and international B2B markets.

Product overview

Commerce is a Greek polymer materials company offering two main product categories: (1) calandered and extruded polymer films and layers made from PVC, PP, PET, PE, PS, HIPS, and ABS, available in flexible, semi-rigid, and rigid forms for stationary, office, decoration, advertisement, packaging, and construction sectors; and (2) packaging, storage, and logistics handling materials including plastic and wooden pallets, pallet boxes, crates, boxes, bins, drums, garbage bins, hygienic packaging, isothermals, protection materials (divider pads, anti-slip pads), and warehouse automation/rack systems. The company operates from headquarters in Piraeus, Greece and serves both the Hellenic and international markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Flexible PVC Films and Layers Calendered PVC films and layers in flexible, semi-rigid, and rigid configurations with thickness from 0.07 to 5mm, available in clear, opaque, printed, embossed, expanded, and technical variants for stationary, office, decoration, advertisement, packaging, and construction sectors.
• Technical Films (PP, PET, PE, PS, HIPS, ABS) Single layer and co-extruded thermoplastic sheets and films in PS, HIPS, ABS, PP, PE, PET, including specialist compounds and corrugated PP/polyolefin products for pharmaceutical, industrial manufacturing, and graphic arts applications.
• Packaging, Storage & Logistics Handling Materials A complete range of handling materials, products, and systems for packaging, storage, and logistics operations serving B2B supply chain customers across Hellenic and international markets.
• Light Plastic Pallets Light-duty plastic pallets used for packaging and logistics handling operations.
• Medium-Heavy Plastic Pallets Medium to heavy-duty plastic pallets designed for industrial logistics and storage applications.
• Wooden Pallets Standard and tailor-made wooden pallets including original certified EUR (EPAL) pallets, CP pallets, stringer pallets, and IPPC/ISPM 15 certified pallets for international export compliance.
• Pallet Boxes Pallet boxes designed for storage and logistics handling operations.
• Crates, Boxes and Accessories Plastic crates, boxes, and accessories including euro line crates and nesting/stackable crates for storage and logistics.
• Bins and Drums Bins and drums for storage, logistics, and garbage collection applications.
• Hygienic Packaging Hygienic packaging solutions for food, pharmaceutical, and medical applications.
• Isothermals Insulated packaging products for temperature-controlled storage and transport applications.
• Packaging Protection Materials Protection materials including divider pads, layers, and anti-slip pads for packaging and shipping operations.
• Automation and Rack Systems Warehouse automation systems and racking solutions for storage optimization.

Quantifiable outcome

• Products comply with European Toy Norm EN 71/3: 2013, European Packaging Regulation 94/62/EC, ROHS 2, and other international standards
• +1 more outcomes

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Mondi Group: Mondi is a global packaging and paper group producing corrugated packaging, flexible packaging, and packaging materials. Comparable on the packaging materials distribution and industrial end-customer overlap, though broader in scope and much larger in scale than Commerce.
• Taghleef Industries: Taghleef Industries is a leading global producer of BOPP, CPP, and other polyolefin films for packaging, labels, and industrial applications. Comparable on the polymer film manufacturing side, but with much larger production scale and broader geographic presence.
• Coveris Holdings: Coveris is a European flexible packaging manufacturer producing films, pouches, and packaging solutions for food, consumer goods, and industrial markets. Comparable on packaging films and end-market overlap, but Coveris operates as a much larger platform with multiple production sites.
• Smurfit Kappa Group: Smurfit Kappa is one of the world's largest containerboard and corrugated packaging producers. Comparable on the packaging materials distribution and end-market overlap (industrial logistics, EU exports), though focused on paper-based rather than polymer films.
• Kloeckner Pentaplast: Kloeckner Pentaplast is one of the world's largest producers of calendered rigid and flexible plastic films, primarily for pharmaceutical, food, and consumer packaging. Directly comparable on calendered film technology and end-markets, but at significantly greater scale and with global manufacturing footprint.
• Sealed Air Corporation: Sealed Air is a global protective and food packaging company producing films, cushioning, and packaging systems. Overlaps with Commerce on the protective packaging materials side (films, packaging systems) and serves similar logistics/supply-chain end customers, but at vastly larger scale and with broader product portfolio.
• Renolit Group: Renolit is a global manufacturer of calendered polymer films (PVC, PP, PET) for packaging, industrial, and consumer applications. Direct comparability on the film-manufacturing technology side, but operates at vastly larger scale and broader product breadth than Commerce.
• Jindal Poly Films: Jindal Poly Films is one of the world's largest producers of BOPET, BOPP, and other polyester/polyolefin films for packaging and industrial applications. Comparable on the polymer film manufacturing technology and end-markets, but at dramatically larger scale and with global production footprint.

Others

• EPAL (European Pallet Association): EPAL is the governing body that licenses EUR/EPAL pallet certification across Europe. Commerce's wooden pallet product line (original certified EUR/EPAL pallets) is licensed through this body, making EPAL the closest comparable/ecosystem reference for that specific product line, though EPAL itself is not a commercial competitor.

Direct peers

• Bischof + Klein: Bischof + Klein is a German manufacturer of flexible plastic films, packaging, and technical films for industrial applications. Comparable product mix (polymer films + technical packaging), with a similar combination of standard and custom solutions, though larger in scale and more focused on European industrial markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance8 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 Commerce