Papastratos

Papastratos

Infobox Company
name = Papastratos
Παπαστράτος ΑΒΕΣ

type = Subsidiary
genre =
foundation = 1930
founder = Evangelos Papastratos
location_city = Pireus
location_country = Greece
location =
locations =
area_served = Greece, East Europe
key_people =
industry = Tobacco
products = cigarettes
services =
revenue =
operating_income =
net_income =
assets =
equity =
owner =
num_employees =
parent = Philip Morris
divisions =
subsid =
slogan =
homepage = www.papastratos.gr
footnotes =
intl =

Papastratos (Greek: Παπαστράτος Ανώνυμη Βιομηχανική Εταιρεία Σιγαρέττων) is a Greek tobacconist and is the largest manufacturer and distributor of cigarettes in Greece. [cite news | first= | last= | coauthors= | title=Shareholders Agree to Sell 76% of Papastratos to an Affiliate of Philip Morris International | date=May 6, 2003 | publisher=Business Wire | url =http://findarticles.com/p/articles/mi_m0EIN/is_2003_May_6/ai_101245110 | work = | pages = | accessdate = 2007-12-26 | language = ] The company was formed in 1930 by Evaggelos Papastratos with its first factory located in Pireus. Their second factory opened in 1933 in Berlin but was forced to close in 1936 under pressure by the Nazi regime [cite news | first=D | last=Harontakis | coauthors= | title=Evangelos Papastratos | date=9 Feb 2007 | publisher= | url =http://www.epoxi.gr/persons2.htm | work =Epoxi | pages = | accessdate = 2007-12-26 | language = Greek ] . In 1937 the company opened its third factory in Cairo, which closed in 1955. [cite book | last = Shechter | first = Relli | authorlink = | coauthors = | title = Smoking, Culture and Economy in The Middle East | publisher = I.B.Tauris | date = 2006 | location = | pages = 111 | url = http://books.google.co.uk/books?id=qs_YlWuFjooC&pg=PA111&dq=papastratos&lr=&as_brr=3&ie=ISO-8859-1&sig=u5Hxw9bf1-urHVO8Oje1jXwy29A | doi = | id = | isbn = 1845111370 ]

In its heyday the company was one of the largest industrial producers in Greece. Whole communities (such as Agrinio) [cite book | last = Hamilton | first = Ian | authorlink = | coauthors = | title = Industrialization in Developing and Peripheral Regions | publisher = Routledge | date = 1986 | location = | pages = 259 | url = http://books.google.co.uk/books?id=XYU9AAAAIAAJ&pg=PA259&dq=papastratos&as_brr=3&ie=ISO-8859-1&sig=xhqeMii42w0Gen04ca1AIfH8d6M | doi = | id = | isbn = 0709938276 ] flourished from the tobacco plantations supplying Papastratos factories.

The company began a cooperation with Philip Morris n 1975. They were purchased by Philip Morris in 2003 [cite news | first= | last= | coauthors= | title=Philp Morris Acquires Control of Papastratos for EUR 368 Million. | date=Oct. 15, 2003 | publisher=Business Wire | url =http://www.thefreelibrary.com/Philp+Morris+Acquires+Control+of+Papastratos+for+EUR+368+Million-a0108879501 | work = | pages = | accessdate = 2007-12-26 | language = ] .

Cigarette brands produced by Papastratos include Assos International and Old Navy.

References


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