PENELOPA EOOD was established in 1996 as one of the first factories for production and packaging of nuts in Bulgaria.
In 2000, the company also built its own sales network, covering 100% of the Bulgarian market.
Since its inception, PENELOPA EOOD has been a market leader, gaining the attention of the global giant PepsiCo. In 2008, PENELOPA EOOD sold Penelopa brand along with its established distribution network to PepsiCo.
In 2009, the company expanded into a holding structure, operating in agriculture and orcharding, construction and tourism, production and trade in confectionery, nuts and dried fruits.