Georgalos, the company that has 85 years of history – since 1939 in Buenos Aires – hired the Santander Bank to initiate a process of sale or capitalization of the company, in the middle of a consumption crisis massive that has been in the country for more than a year and a half. The operation could be closed around 200 million dollars.
The mass consumption company Georgalos put the poster of Sale of your business in Argentinawhere he is manufacturer of sweets such as Mantecol, the cookies Toddy and the caramels sticks of the jungle, among other brands.
Georgalos has a varied list of brands: the aforementioned Mantecol, Toddy and Palitos de la Selva; Nuclerategum Bazookastuffed hard candies Small pleasureslos Flynn Paff, Lengüetazo, Full Maní, Full Mint, Flow Cereal, Namur, Flynnies y Nutrifoods.
The data of the Scentia consultancy marks that in 2024 the mass consumption in supermarket and self-service chains fell by 13.9% with respect to 2023, and that in the first quarter of 2025 they followed in low, with 8.6% against the January-March period of the previous year, with a lower comparison base even.
The “impulsive” item, related to the consumption of items that are usually close to the boxes, such as the treats that Georgalos sells, had a decrease during the first three months of this year of 14.6%.
Despite this situation, at the beginning of 2025 the company signed a contract with the Argentine Soccer Association (AFA) so that the Mantecol brand is Main Sponsor of the Professional Soccer League, the First Division.
Georgalos is directed by Miguel Zonnaras, grandson of the founder, and has seven productive plants in the country. Just three years ago the company had recovered the Mantecol brand, which it had sold in the middle of the 2001 crisis.
