In 1960, Il. Oth. Foufas established a small olive oil packaging and standardization company in Doliana, Kynouria, on the sunny shores of the Argolic Gulf. In accordance with the long-standing Greek tradition, he establishes a high quality unit, in order to cover the needs of the local market and the areas around the flatland of Thyreatikos. With hard work, the small unit quickly expands throughout the Peloponnese and to the rapidly growing market of Athens, which is located less than two hundred kilometers away. Until 1985, the company deals exclusively with olive oil. From that year, the sons of Il. Foufas, George and Othonas, enter the company and the second phase of its development begins. With continuous investments the company initially gains nationwide fame and then expands to foreign markets. Ιn 2012, the third generation actively enters the business and a new cycle of investments begins.