La family business it is one of the most important foundations of a prosperous society. Relationship of the Family businesses most important in Spain and a brief review of them.
EchevarriaFederico Echevarría Rotaeche is the founder in 1920 of Echevarría SA, a steel and metallurgical company with an initial capital of 8 million pesetas. The company had its origin much further back. Specifically in the year 1878 when Federico himself with his father, José Echevarría Azcoaga and his younger brother José bought the Recalde farmhouse and all its land. After the sale of part of these lands to the Municipal Gas Factory, they acquired other nearby land and built a modest tinplate rolling and stamping workshop, which would later be expanded to produce boilers and galvanized baths.In 1885, the Echevarría brothers (Federico and José), associated in the Echevarría Hermanos company, took charge of all the industrial businesses of their father, who died in 1896. Although Federico Echevarría soon undertook new projects for which he associated with Juan de Zuricalday , buying new land for the mechanical manufacture of horseshoe nails (with worldwide export). In 1894, as the owner of the Recalde factory, he signed a collaboration contract with Frederick Siemens, achieving the installation of the first steel furnace in Spain and several rolling mills. In 1901, Federico acquired the Santa Ana wire factory (Castrejana) with a blast furnace and drawing sections. Through a railway branch it manages to connect the Recalde factory and the Santa Agueda Iron and Foundry Factory. He thus expands the initial steel complex, setting up a mechanical workshop for the construction and repair of machinery. After the death of his wife in 1902, Federico formed the limited partnership Federico Echevarría e Hijos (1903) with his eldest children (Juan and Luis) and limited partners (his remaining 8 children). The company merged with other Echevarría factories has 230 workers in Recalde and 83 in Castrejana, reaching an annual production of 2500 tons of steel. The company Federico Echevarría e Hijos was transformed into Sociedad Anónima Echevarría in 1920. The company is dedicated to the manufacture of fine and special steels and appears on the market under the name HEVA. The company is gradually growing until it reaches 780 workers. The investments made in the 1920s allowed him to overcome the crisis of 1930-31 with relative ease. After the Civil War, the proximity of the company to the urban center of Bilbao, forced the transfer to Basauri (1963) with the installation of dependencies and new ovens. The factory began operating in 1967. After the crisis in the steel sector in the 70s, the Echevarría company became part of the public sector (1988) and two years later it merged with Acenor and Forjas y Aceros de Reinosa. The full integration of activities is in the year 2 and a year later the privatization process of the group is carried out, where the old Echevarría de Basauri plant is integrated, which in the year 1994 launched a new steel mill. The site of the old Echevarría factory in Begoña was acquired by the Bilbao City Council to build a public park, leaving a chimney as evidence of its industrial use. View source Date: 24-11-2021 Tags: Common metals. |
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Summarized alphabetical list of the main surnames in Spain related to the family business, the sector and the province of origin or implantation. Some companies that these families founded are no longer active or have been sold to multinationals.
Family | Sector | Province |
Aguirre, Ear | Civil Engineering | MADRID |
Alvarez | retail trade | MADRID |
Antolin | vehicle manufacturing | BURGOS |
Antonio Asensio Pizarro | Publishing | BARCELONA |
areces | retail trade | MADRID |
Aresti Ortiz | Paper | BISCAY |
Aresti, Churruca, Marquina | Trash | BISCAY |
Aznar | common metals | BISCAY |
ballve | Food | MADRID |
Barceló | Accommodation | BALEARICS |
benzoin; aza; abaurre | Construction, Mineral Extraction | SEVILLE, MADRID |
Bank | Logistics | BISCAY |
Bertran | Civil Engineering | BARCELONA |
Bosch | Clothing and Knitwear | BARCELONA |
Booty-Sanz | Financial Services | CANTABRIA |
Booty, Munoz | common metals | CANTABRIA |
carasso | Food | BARCELONA |
Carbon; Botet; Elijah | retail trade | BARCELONA |
carula | Food | BARCELONA |
Doe, Goizueta | common metals | MADRID |
Coca | Financial Services | SALAMANCA |
Comas | Beverages | MADRID |
Commas and White | Food | MADRID |
Cordoba, Gomendio | Civil Engineering | MADRID |
Costafreda; Rivera | Food | BARCELONA |
Cros | Chemical products | BARCELONA |
Dam | Food, Drinks | BARCELONA |
Daurella | Food, Drinks | BARCELONA, MADRID |
Dexeus | Medical services | BARCELONA |
Delso; gummies | special construction | MADRID |
Echevarria | common metals | BISCAY |
Entrecanales ; Tavora | Civil Engineering | MADRID |
run away | Accommodation | BALEARICS |
Wake | retail trade | BARCELONA |
fabrics | Textile | BARCELONA |
Fernandez | retail trade | MADRID |
Fernandez Lopez | Food, Land transport | PONTEVEDRA, MADRID |
Ferrer; Living room | Beverages | BARCELONA |
Ferro; Fortune | Food | BARCELONA |
Iron-Vine | Financial Services | MADRID |
Figaredo, Garcia, Tartiere | common metals | ASTURIAS |
fluxá | Accommodation | BALEARICS |
franc | Games | MADRID |
Gandarias | common metals | BISCAY |
Gonzalez Byass | Beverages | CADIZ |
good | Security | MADRID |
Heredia, Pidal | Coal | ASTURIAS |
Hernandez Callejas | Food | MADRID |
Hidalgo | logistics and travel | BALEARICS |
lao | Recreational activities | BARCELONA |
Lara | Publishing | BARCELONA |
The worst | rubber and plastic | MADRID |
called | Civil Engineering | MADRID |
Llucia | retail trade | Teruel |
Lush | Food | MADRID |
Mahou | Beverages | MADRID |
March | Financial services and others | MADRID, BALEARIC ISLANDS |
March | Minerals | MADRID |
March (and others) | Water transportation, Financial services | MADRID |
Matute Benito del Valle | Wood | BISCAY |
Noguer-Sunol | Chemical products | BARCELONA |
Ortega | Textile and clothing | CORUNA |
Osborne | Food, Drinks | SEVILLE, CADIZ |
Paschal | Food | BURGOS |
Pidal, Riviere | common metals | ASTURIAS |
Polanco | Information and communication | MADRID |
Prieto | energy, gas | BISCAY |
Puig | Chemical products | BARCELONA |
quijano | common metals | CANTABRIA |
Rey | Construction | PONTEVEDRA |
Banks | Metals, Machinery and Vehicle Manufacturing | BISCAY |
riboud | Food | BARCELONA |
Rodrigo | Publishing | BARCELONA |
Rodríguez | Civil Engineering | MADRID |
Roig | retail trade | VALENCIA |
Reeds | Machinery | VALENCIA |
Rubiralta | rubber and plastic | BARCELONA |
Ruiz-Mateos | various sectors | MADRID |
Sanchez; Climbing | retail trade | MADRID |
Sarrio | Paper, Chemicals | NAVARRE |
Satrustegui | Coal | BARCELONA |
Mow | Leather | CASTELLON |
Sela Figaredo | Chemical products | ASTURIAS |
shekels | Chemical products | BARCELONA |
Soriano | Beverages | LLEIDA |
Torras Hostench | Chemical products | BARCELONA |
urquijo | Coal, Metals, Financial Services | BISCAY, MADRID |
Urquijo, Landecho | Aquatic transport | MADRID |
Urquijo; Figaredo; felgueros | Chemical products | MADRID |
Valls Taberner | Financial Services | MADRID |
Velasco | Metal | BISCAY |
Villar | Pharmaceuticals, Civil Engineering | MADRID |
ybarra | Financial Services | BISCAY |
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Personal and family finance advisor. Investment advisor. Degree in law. Specialist in real estate investment. https://jesusbarrena.com/ |
Inheritance planning in the family business
To plan the inheritance of the family business, it is best to consult a trusted lawyer who is a specialist in inheritance and who also has experience in commercial law.
We have asked the Barcelona law firm, Oscáriz Abogados, what factors are the most relevant in this process and they have explained to us that there are three essential points to take into account in the inheritance planning in the family business:
- Define the family roles of all the people involved.
- Define what the business roles of family members are.
- Establish what is the desired succession planning.
Carrying out the generational transfer in a company is something inevitable but it must be approached as a strategic decision of the utmost importance. It must be designed with the necessary anticipation to avoid precipitation.
Monica Oscar It also reminds us that in a succession process it is important to clearly transmit business values, be sure that the heirs have an entrepreneurial spirit and set the company's goals so that there is a commitment to them.
Eleven Spanish family businesses among the 500 largest in the world.
According to the Family Business Index 2023, prepared by the consulting firm Ernst & Young and the University of St. Gallen, there are eleven Spanish family businesses among the 500 largest in the world, among them El Corte Inglés, Mercadona and Inditex are among the 120 best.
According to the report, large family businesses resist crisis situations better and even offer growth rates that double the average for all companies.
It seems that the "effect family business» It has an impact on the stability necessary to achieve a climate of innovation and adaptation to new environmental and cultural realities that allows them to obtain better results and growth than other types of companies.
The continuity in the management and transmission of property between generations of the same family also finds tax advantages in inheritance tax and wealth tax.