Ideal Holdings sold its subsidiary Astir Vitogiannis to Guala Closures
Ideal Holdings sold its subsidiary Astir Vitogiannis to Guala Closures
  Deals  |  Investments  |  Economy  |  Greece

Ideal Holdings sold its subsidiary Astir Vitogiannis to Guala Closures

Astir directly owns 74.99% of Coleus Packaging (pty) Limited (“Coleus”).
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RE+D magazine
23.04.2024

IDEAL Holdings through its subsidiary SICC Limited, signed an agreement to sell 100% of Astir Vitogiannis S.A. (“Astir”) to Guala Closures.

Astir directly owns 74.99% of Coleus Packaging (pty) Limited (“Coleus”). 

Astir is based in Athens, Greece produces approximately 7 billion crowns annually, with over 90% exports activity and delivering its products to more than 70 countries, to all territories. 

Coleus is based in Johannesburg, South Africa, produces approximately 6 billion crowns annually and is the leading producer in Sub-Saharan Africa. Astir acquired 74.99% of Coleus in July 2022, forming the only crown manufacturing group with operations in 2 hemispheres. 

The companies serve from multinational breweries and world known beverage companies, to smaller size market segments, providing crown closures of various specifications and variations. 

Astir and Coleus are well known internationally for their high-quality products, service excellency, continuous investments, and modern facilities.