Family business. The most important in Spain

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.

Metal Contents

-Everyone- Metal (5)
Echevarria - Gandarias - quijano - Banks - Velasco -

Echevarria

Federico 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

Gandarias

The surname Gandarias is strongly linked to the impulse of the industry in Biscay, the Basque Country and Spain. Pedro Pascual Gandarias, became related by marriage to the Durañona family (Victoria Durañona), an important owner and operator of iron mines, creating a very important industrial company, which grew even more with the contribution of the couple's son Juan Tomás Gandarias. Both figures, Pedro and Juan, are essential to understand the industrial development and social identity of Biscay and the Basque Country, from the XNUMXth century....
Pedro Gandarias, along with his wife's relatives and other important businessmen in the sector, participated in the founding of the Sociedad Anónima Metalurgia y Construcciones "La Vizcaya" in 1882. This company, along with Altos Hornos de Bilbao and La Iberia, will be the parent company of the future company Altos Hornos de Vizcaya. The Altos Hornos de Vizcaya company was founded in 1902, a year after the death of Pedro Gandarias, and was located in Baracaldo and Sestao. The company had various mining facilities and small factories distributed throughout Cantabria, Asturias, Almería, Murcia and Guadalajara. It also had many auxiliary companies along with other mines in Vizcaya. During the second half of the 1980th century, Altos Hornos de Vizcaya spread throughout the Valencian Community (Altos Hornos del Mediterráneo) and Navarra. The company underwent a strong industrial reconversion in 11.000, having more than 1996 direct workers and finally in July XNUMX, it had to permanently close its last facilities.      

View source Date: 14-10-2021

quijano

José María Quijano Fernández-Hontoria (1843-1911), was the founder of Forjas de Buelna. Quijano, a lawyer and businessman, decided to study Civil and Canon Law at the University of Valladolid and graduated in 1866. After his transfer to Santander he began to practice as a lawyer and secretary of the Provincial Council. The sudden death of his uncle Víctor Gómez de los Ríos gives him the opportunity to take charge of his law firm. His contact with another of his uncles (Benigno Arce, mining engineer) makes him attend the Universal Exhibition in Paris (1873). Quijano notices a nail-making machine and upon his return to Spain, he begins to devise the manufacture of the model seen in Paris, taking advantage of the facilities of a family mill. These are the beginnings of Forjas de Buelna....
?Despite the fact that the beginnings were quite complicated, having the support of Benigno Arce and many other business professionals enabled the company to meet its needs and acquire the necessary raw materials to move forward. The company began operating in 1874, initially dedicated to supplying hardware stores in Santander. As relevant data in the evolution of Forjas de Buelna, we have: Until 1877, Quijano traveled daily from Torrelavega to Los Corrales de Buelna, in a car pulled by 2 bull ponies, one of them called Espartero, would remain as the emblem of the new New Mountain Quijano society. In 1880 he installed public lighting in the workshops and in 1881 he introduced the telephone in his industries. In 1883 Quijano bought a flour factory and set up a wire-rolling train and a wire-drawing mill in its building. He thus avoiding imports of raw materials to manufacture tips from France and England. In 1892 he manages to obtain more hydraulic energy from artificial waterfalls. He creates a worker cooperative, endowed with a fund for retirement and accidents (8 years before the Labor Accident Law). He also promotes the construction of cheap houses for all his workers. In 1899 he founded the company Altos Hornos de Nueva Montaña in Santander, being its first president. In addition to being a director and founder of the Santander-Bilbao railway and the Cantabrian railway. Quijano was a provincial deputy at the age of 25 and represented Cantabria on several occasions as a Senator. In 1906 the company had more than 600 workers from the towns surrounding the Buelna valley. José María Quijano completed the Forjas de Buelna with warehouses, buildings and came to join the waterfalls by means of a railway of more than 3 kilometers. Currently, there are seven family branches descending from José María Quijano Fernández-Hontoria: Quijano Otero, Díaz de Bustamante Quijano, Quijano González-Camino, Mazarrasa Quijano, Quijano Secades, Quintana Quijano and Quijano Agüero.

View source Date: 09-12-2021

Banks

Francisco Riberas Pampliega founded a scrap business in Burgos called Gonvarri. In 1997, this scrap business would end up becoming Gestamp, a leader in the steel transformation sector and the holding company Acek Desarrollo y Gestión Industrial. Initially, the company only supplied components to the SEAT company. Since 1991, already as Gonvauto, it has extended its offer to other companies. ...
Gestamp has gone from being a small local stamping supplier to a global company, with a presence in the main nerve centers of automobile manufacturing. It has a presence in 24 countries around the world and is dedicated to the design, development and manufacture of metal components for automobiles. It is specialized in creating products with an innovative design to achieve ever safer and lighter vehicles, and therefore better in relation to energy consumption and environmental impact. Currently the company is managed by the sons of the founder, Francisco José Riberas Mera and Juan María Jon Riberas Mera, with nearly 50.000 employees and a turnover of 8548 million Euros, devoting part of its time to researching and developing cutting-edge technologies.     ?       Gestamp is a Spanish international group of automotive engineering. The company is dedicated to the design, development and manufacture of metal components for automobiles. Gestamp was founded in 1997 by Francisco Riberas Pampliega with the goal of becoming a global supplier. Currently the company is managed by the sons of the founder, Francisco Jose Riberas Mera y Juan Maria Jon Riberas Mera, is present in 22 countries around the world and has more than 100 production plants and 13 R&D centers. As of December 2018, its workforce was made up of more than 43.000 employees with a turnover of 8.548 million.1?2?

View source Date: 08-10-2021

Velasco

Pedro Velasco is the founder of the family business Comercial Sidero-Metalúrgica SA in 1958. In the decades that followed, the company expanded throughout Spain, betting on diversification and a clear international focus. The company gives rise to the Cosimet group, one of the main holding companies in the Basque Country that, although it continues to maintain its roots in the steel sector, also develops its activity in other sectors such as renewable energies, new technologies or the socio-health sector. Its activity in engineering, civil, financial and property development sectors should also be highlighted....
The company still has a strong family accent. The 3 sons of Pedro Velasco (he also has 2 daughters) are the current pillars of the Group, which has been divided into 2 companies, Laminados Velasco, which acts as a distributor, and Cosimet, responsible for assets. In addition to the distribution of steel, and the real estate and insurance sectors, the Velasco family has made a strong commitment to renewable energies and its current challenges are to maintain the level of solvency, financial strength and prestige, backed by its track record. In addition, Cosimet intends to continue deepening its diversification and growth in strategic markets, reinforcing its expansion at an international level.

View source Date: 14-10-2021

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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

Author Jesus Barrena | Articles - LinkedIn de Jesus Barrena - Twitter
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.

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