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Softex has closed down after 79 years of existence

18 January 2016 / 19:01:59  GRReporter
7467 reads

The Swiss with Greek roots in the Italian multinational company

Bolton Group is a private company with Italian ownership, based in Amsterdam, which operates in the field of consumer products in 125 countries and which has a portfolio of more than 50 brands of food, household goods, detergents, cosmetic products, such as Rio Mare, Neutro Roberts, Merito, Overlay, Omino Bianco, UHU, etc. It has over 3,000 employees in 23 subsidiaries and 9 plants and 50% of its sales are realized in Italy, 16% in France, 5% in Belgium, the Netherlands, Luxembourg, Germany, Greece and Spain. One of the main shareholders is Joseph Nissim, a Swiss citizen born in Greece, speifically in Thessaloniki, who fled persecution against the Greek Jews during the occupation and later fought against the Nazis with the British Army in North Africa.

Joseph Nissim founded Bolton in 1949 as a small provincial company for goods distribution in Italy. The first investments came in the early 1960s when it acquired the company Manzotin (for tinned food). Today, the company's turnover exceeds $1.2 billion, reaching $2.3 billion according to some publications.

Tags: SoftexCompany closureBolton GroupPapermaking
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