Control of the ECM Partners fund, which is also the majority shareholder of the Greek pharmaceutical company Famar, is transferred to the Pavlidis Marmaras – Granites group, which includes Mermeren, a group company.

I confirm today’s post by Kathimerini Mermeren told AX that Pavlidis SA Marmara stakeholder Granites (“Pavlidis”) have said they have signed a definitive agreement with funds managed by ECM Partners to sell 100% of Pavlidis, which owns 100% of the share capital of Stone Works Holdings Coöperatief UA ( Stoneworks, which owns 89.25% of the paid-in capital of Mermeren.

The completion of the transaction is possible only after obtaining the necessary permits from the competition commissions of Greece and North Macedonia.

Pavlidis Group

The company was founded in 1980 by Euclides Pavlidis, who from the very beginning had a vision and a life goal to highlight the special varieties of white Drama marble and export Greek marble abroad. The company’s headquarters and production facilities are located in Drama, which is the center of marble mining in our country, and covers an area of ​​30,000 square meters. with a total area of ​​100,000 sq.m in the Drama Industrial Zone. The company’s quarries are located mainly in Northern Greece, but also in neighboring countries, while the company’s white marble is “dressed” in iconic buildings around the world, including the Reflection Towers in Singapore, iconic buildings on popular streets such as the house Chanel in New York. , Porsche Design Tower in Miami, etc. In Greece, he also left his mark on the headquarters of the Aggelikousi group (Agemar). The company produces more than 300,000 tons of raw marble per year and exports marble and granite tiles in standard sizes, as well as special sizes to order for individual projects, to more than 40 countries around the world.

In 2012, Christoforos Pavlidis took over the reins of the company and, in collaboration with his siblings Cristina Pavlidou and Kyriakos Pavlidis, transformed the company from a family business into a modern group. 2017 was a landmark year for the company when the company acquired an 88.4% stake in Mermeren Kombinat for 73 million euros, one of the largest companies in Skopje. It is a vertically integrated white marble quarrying and processing enterprise producing the famous SIVEC white marble, which has been used in the construction of many important projects around the world. In terms of group turnover, according to the latest published balance sheet, it reached 119.2 million euros in 2021, compared to 101.4 million euros in 2020, an increase of 17.53%. After taxes, profit was 40.7 million euros compared to 26.9 million euros in the previous year, an increase of almost 55%. ECM Partners has invested in Greek pharmaceutical company Famar and reportedly reached an initial agreement with banks and service providers to buy loans from Marinopoulos Cafe, which is developing the Starbucks chain in Greece.