Herrecha Inversiones, a holding company Hortensia Herrero becomes a shareholder of the Valencian company Istobal Due to the sale of the shareholding package of the Tomás Puchades and Tomás Ruiz family branches with 22%.
With this operation, Herrecha Inversiones accompanies Istobal, the leading company of Valencia in car wash and care, in its strategic projects and expansion plans that will strengthen its leadership in the foreign market. It is therefore an operation with an impact beyond the Valencian Community. because for the multinational company, exports represent three out of every four sales.”
Majority family branches (Tomás Alfonso and Tomás Alfaro) said: “We are very excited about this. Hortensia Herrero or Herrecha Investments As partners of İstobal.
İstobal has maintained its continuous growth rate since its establishment and has positioned itself as one of the leading companies in the sector at the international level, thanks to our global and comprehensive solutions for car wash and maintenance.
With this cooperation, we will encourage the development of new products and services that increase the profitability of the industry, provide the best user experience and respect the environment.”
international vision
Founded in 1950 and located in l’Alcudia, İstobal has entered the Chinese and American markets with its more than 900 employees. In addition, the group has a presence in more than 80 countries and ten subsidiaries, as well as four production and final assembly facilities in Europe, America and Asia.
Grupo İstobal grew 13.4% in 2021 and recovered its pre-pandemic billing levels. In addition, its EBITDA increased by 61.2% compared to the previous year.
More than 75% of İstobal’s equipment production is for export markets, and it is aimed that this investment will contribute to the growth of the company at a time when it accelerates its international expansion and its processes are digitized.