Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Glaros Group, an industrial subsidiary of the Sklavenitis family business, has announced the establishment of a new company, Avra MAE, alongside plans to construct the largest ready-meal production facility in Europe. The project represents an investment of €100 million and is scheduled for completion in June 2026. It is expected to create 300 new jobs across a range of specialities by 2026.
The Group already comprises three business entities: Glaros ABEE (paper industry), Meat House MAE, and Baker Master ABEE. The new plant, to be built in Magoula, Attica, is designed for a capacity of 250,000 meal portions per day, serving both the Greek market and exports.
Eurofound (2025), Glaros Group, Business expansion in Greece, factsheet number 203434, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203434.