Galicia has made a splash in recent years with its fishing growth in both sales and assetsespecially abroad Argentina or Namibia for reference. The positive development of the turnover of the main players in the industry meant that all large companies initially bet on rearmament, especially through acquisitions of other firms (inorganic growth) with the idea of u200bu200bgaining volume, size and profitability. . A wave to which a reference has just been added, for example Nueva Pescanova, which has shrunk and gotten rid of its subsidiaries for a decade since the competition started. Purchase of Pesquera VerazDeveloped by FARO DE VIGO, a newspaper belonging to the same group as this media, It will mean acquiring three production facilities on Argentine soil and adding nine ships. more in the country, thereby consolidating hake catching and increasing its presence in the profitable fishing and shrimp processing business (despite the rise in prices the species is currently experiencing). The sector, which broke a sales record of 4.5 billion last year, continues on its way show muscle.
Origin growth is something that practically all major companies in the industry do without exception, with the exception of Nueva Pescanova. Since the last extension of his mandate Manuel Fernández de Sousa The Chapela-based company was going the opposite of the rest, and with the competition it was getting rid of subsidiaries, either by its own decision or through bankruptcy, until it reached a dozen in addition to other smaller ones.
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Pescanova regains muscle
The acquisition of Pesquera Veraz in Argentina will enable Nueva Pescanova to surpass its loss of size (through the sale or bankruptcy of its subsidiaries) and grow inorganically. It will add 9 ships and three factories.
Fishing joins the stream
After losing muscle for a decade, Chapela-based fishing is joining the other big fishing current to grow through fleets and plant purchases.
The company, headed by José María Benavent, joins the other reference companies in the sector with the incorporation of Pesquera Veraz. In fact, many chose to grow up precisely in Argentina. iberianFor example, it is one of the most. First from Portobello’s hand and then private equity Led by Alberto Freire, Platinum gained both mining and industrial capacity, Being the company with the most ships in a South American country (Last three units built by Armon). Not only has it grown there, but also in Namibia (Galicia’s other fishing stronghold abroad), South Africa, Spain, and Mauritania with a strong devotion to the octopus.
Other companies in the industry have also grown in Argentina. Videomar (with the purchase of Greciamar and at least two fishing boats) or depth. The firm piloted by Enrique García Chillón, which has just given the March family access to its shareholders, is another example of this growth strategy after adding more muscle, not only industrial and manipulative, but also commercial (in the United States, with the company). Stavis Seafood). The company, which had a turnover of over 800 million euros last year, Kefalonia Fisheries firm made in Greece (Reference for Europe in sea bream and sea bass) bought the company Caladero (Profand Zaragoza) from Mercadona and opened the new Cambre factory in the same year (former plants of the now defunct Isidro 1952).
Pereira or Pescapuerta also follow this approach. In the first case, the company led by José Enrique Pereira has just sold the tuna boat. Pont Saint-Louis (there was only one), but in key countries such as Mauritania, Namibia and South Africa, but also in Malvinas Argos CiesIt was built by Nodosa. Pescapuerta in the same shipyard, Hawk, the most modern freezing trawler in fishing (for now). And although in their case they do not grow inorganically, they already have three boats in the Mauritanian fishing area where they have not been before.
Another of the historic Galician companies has grown in Africa and Argentina, clamdespite continuing to pay the installments of creditor contests affecting its parent company and subsidiary in the South American country. The company led by Eduardo Vieira takes over the trawler relaxation and, in addition to rescuing Jigger, he sent him fishing in the waters of Guinea-Bissau. comb XVIIIship with Swore by another local firm.
Newcomers to the industry have also joined this trend. This situation wofcois experiencing tremendous growth. The company, which has a factory in Teis, benefits from the commercial relations of its partners to grow organically with new markets. They already have three boats and when this media is released they will also have a shrimp factory in Paraguay with an investment of 10 million euros.
this merchant interatlanticBorn and raised this way, he bought Galiciamar, a recently renovated facility located in Bouzas. Duration, frozen greatthat same year, it closed its first inorganic operation outside of Spain by purchasing Hansen Seafood, a firm specializing in cephalopods and shellfish based in the Gambia’s port of Banjul.